Aussie Renewable Investment Slumped 80% in 2023
45 mins ago Eric Worrall 1 Comment
Essay by Eric Worrall
Rooftop solar / battery installations were the exception. Perhaps Aussie households are preparing for the coming grid failure?
Australian renewable sector recorded ‘alarming’ slowdown in 2023, energy body finds
Peter Hannam Wed 13 Mar 2024 01.00 AEDT
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Investments in renewable energy plants showed an “alarming” slowdown in 2023, with financial approvals for new solar farms shrinking more than a third while no new windfarms won backing, the Clean Energy Council said in its annual report.
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“There were no new financial commitments to utility-scale wind projects in 2023 (compared to six in 2022) – a disheartening situation that needs to be addressed,” the council said. The seven new solar projects with 912 megawatts of capacity last year was down from the 1.5GW in 10 solar farms in 2022.
On a rolling 12-month average, investment in the December quarter sank to the lowest level since the council began gathering data in 2017, dipping below $1bn.
https://wattsupwiththat.com/2024/03/20/aussie-renewable-investment-slumped-80-in-2023/
