Armageddon Beckons: National Energy Guarantee Crushes Australia’s Wind Industry

Renewables rent-seekers are nothing if not sore losers. A heartbeat ago it seemed as if the subsidies for renewables would last until kingdom come, and wind and solar power outfits could get away with the completely unpredictable and haphazardly occasional ‘delivery’ of power at ridiculous prices. Now, PM, Malcolm Turnbull’s National Energy Guarantee has turned […]

Australia’s Renewable Target in Tatters: Major Retailers Shun Wind & Solar, Electing to Pay $Millions in Retail Power Fines Instead

*** In the week just gone, yet another of STT’s predictions unfolded, with devastating consequences for Australia’s Large-Scale RET and the remnants of a battered and beleaguered wind industry. The LRET was slashed in 2015 simply to avoid the political embarrassment of having too little eligible renewable power dispatched to satisfy the 41,000 GWh target […]

REC Price Surge Signals Doom for Australia’s Renewable Target & its Wind Industry

When a policy is unsustainable its failure is inevitable: Australia’s Large-Scale Renewable Energy Target is just such a policy. STT has been spelling it out since December 2012. It was around then, when Australia’s commercial power retailers determined that there was no bankable certainty attached to the LRET; since then, no commercial retailer has entered […]

Origin’s Grant King Spells Out the Inevitable Demise of the LRET & the Wind Industry

**** In last night’s post we took a look at China’s wind power debacle, where grid operators are refusing to hook up wind farms to the grid – due the uneconomic cost of doing so in remote locations – with the result that more than 20% of its wind power capacity sits idle – and […]

Out to Save their Wind Industry Mates, Macfarlane & Hunt Lock-in $46 billion LRET Retail Power Tax

**** Wind industry front men, Ian “Macca” Macfarlane and, his youthful ward, young Gregory Hunt are out to defy all-comers: the Liberal’s core constituency (of conservative voters); their colleagues, Joe Hockey and Mathias Cormann; boss, Tony Abbott; and political, economic and environmental common sense – as they pump up a deal with Labor to salvage […]

Labor, Greg Hunt & Australia’s Wind Industry Panic as LRET Set to Implode

**** Back in October last year, STT predicted that Australia’s Labor opposition would reject any moves by the Coalition to scale back the (completely unsustainable) Large-Scale Renewable Energy Target (LRET) (see our posts here and here). It was around that time, that the Coalition’s (killing) Industry Minister, Ian “Macca” Mcfarlane; and his youthful ward, (carpeting […]

Bulgarian Blow-Up – Thousands in Power Price Protests see PM Lose Scalp & Wind Power Subsidies Slashed

  Depriving ordinary people of something long considered a basic necessity of life, is one sure fire way to get their backs up. When that ‘necessity’ is something that people have rightly come to assume will always be available to them, at an affordable price, and the price suddenly escalates without reasonable explanation, confusion tends […]