Essay by Eric Worrall
Rooftop photo voltaic / battery installations have been the exception. Maybe Aussie households are getting ready for the approaching grid failure?
Australian renewable sector recorded ‘alarming’ slowdown in 2023, vitality physique finds
Peter Hannam Wed 13 Mar 2024 01.00 AEDT
…
Investments in renewable vitality crops confirmed an “alarming” slowdown in 2023, with monetary approvals for brand spanking new photo voltaic farms shrinking greater than a 3rd whereas no new windfarms received backing, the Clear Power Council mentioned in its annual report.
…
“There have been no new monetary commitments to utility-scale wind initiatives in 2023 (in comparison with six in 2022) – a disheartening scenario that must be addressed,” the council mentioned. The seven new photo voltaic initiatives with 912 megawatts of capability final yr was down from the 1.5GW in 10 photo voltaic farms in 2022.
On a rolling 12-month common, funding within the December quarter sank to the bottom stage because the council started gathering information in 2017, dipping under $1bn.
…
Gradual approvals, although, together with in states akin to New South Wales, imply the decade-end goal of supplying 82% of electrical energy by renewables can be difficult, Inexperienced Power Markets mentioned in a latest report.
…
By comparability, grid photo voltaic was 18% larger than in January-February 2023, whereas wind era was up 5%. Rooftop photo voltaic output elevated 10%.
…
I’ve a pal in sunny Queensland, the identical latitude as Miami, who has invested in a cutting-edge rooftop photo voltaic / battery mixture. His rooftop photo voltaic is sweet for conserving the fridges and freezers working, working the lights and conserving the TV and computer systems working, nevertheless it doesn’t generate sufficient energy to run house cooling or heating.
After all, some energy is best than no energy.
This political and management failure is sending a dreadful sign to what stays of Australian jobs and business. In the event that they put money into their very own era capability, they threat getting slapped with a carbon tax. However the grid is quickly deteriorating in direction of third world ranges of reliability. Possibility “C”, pack up and relocate their manufacturing facility and amenities to someplace with sane vitality coverage, have to be an more and more engaging proposition.
Associated
The contents inside the article have been equipped through Newswire for Finencial.com, go to