Colossal Collapse: Wind & Solar Investment Plummets as Subsidies Subside

In the absence of endless subsidies, the wind and solar ‘industries’ would disappear in a heartbeat, which is precisely how things are panning out for renewable rent seekers in Australia. The idea that there is a natural market for electricity that can’t be delivered as and when it’s needed, is pure nonsense: hence the massive […]

Australia’s Wind Industry Under Siege: LRET Subsidy Set to be Slashed (Again)

**** Subsidy won’t generate target Australian Financial Review Ben Potter 10 March 2016 Less than a 10th of the wind and solar generation capacity required by the renewable energy target this decade is under construction, which could force the Turnbull government to renegotiate the controversial scheme with the opposition. Significant shortfalls under the cross-subsidy scheme […]

‘Saving’ South Australia from its Self-Inflicted Wind Power Disaster Needs $1 Billion Right NOW!

**** Wind and solar create headaches for energy market operator Australian Financial Review Mark Ludlow 19 February 2016 State governments may have to spend billions of dollars to duplicate the electricity network to cope with the unreliability of renewable energy sources such as wind and solar, according to the national energy forecaster. As the Australian […]

Bankers & Investors Close Ranks & Doom Wind Industry to Death By A Thousand Cuts

**** Earlier this week we looked at how Australia’s big power retailers have turned their backs to the wind to face the Sun, instead. Commercial retailers (we don’t count the ACT Government) haven’t entered any Power Purchase Agreements with wind power outfits since November 2012; and, we hear, have determined not to enter any more […]

Rocketing Power Prices see Subsidies Slashed, Bringing Europe’s Wind Industry to its Knees

**** The Australian wind industry is copping a belting from all sides at the moment. With the Senate Inquiry about to release its final report on the great wind power fraud; retailers flatly refusing to enter long-term Power Purchase Agreements – essential to obtain finance for new wind farms; and with an increasing number of […]

Greg Hunt Delivers Coalition’s Political Suicide Manifesto: Liberals Lock-In $46 Billion Power Tax as Wind Industry Rescue Package

**** The wind industry in Australia is doomed. Australia’s commercial lending institutions know it (calling in their loans and refusing to lend for any new wind farms). And the wind industry knows it – hence the big players’ frantic efforts to ditch their wind farms, cut and run – although these fire sales are as […]

Wind Power Ponzi Scheme Implodes: IFM Investors Ditches Pac Hydro & Pac Hydro, AGL and RATCH Ditch Wind Farms

**** The wind industry in Australia – as elsewhere – is in its death throes. STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back […]

2015: the Wind Industry’s ‘Annus Horribilis’; or Time to Sink the Boots In

**** Any ‘business’ model or industry that is built around endless streams of government mandated subsidies – like Australia’s REC Tax/Subsidy or the US’s Production Tax Credit – pins its hopes of long-term survival on the whims of our political betters, which tend to ebb and flow with the economics that dictate the fortunes of […]

Australian Wind Industry Hits the Wall: Claiming “Uncertainty” the Big KILLER

**** Clean energy spending plunges on RET uncertainty The Australian Sarah-Jane Tasker 13 January 2015 NEW clean energy investment in Australia has dropped to its lowest level since 2009, falling 35 per cent to $4.6 billion, driven by un­certainty over the renewable energy target. A severe downturn in large-scale asset financing helped push the figure […]

Energy Market Gorillas Beat Up on the Wind Power Monkeys

**** The opportunity to make submissions to the RET Review Panel ended last Friday. The Panel’s mailbox has been stuffed with cracking submissions from Australia’s leading energy market economists, business groups and, more importantly, the really BIG players in Australia’s energy market (let’s call them the “energy market gorillas”). Two of the biggest – Origin […]