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 […]

What Kills the Australian Wind Industry: A $45 Billion Federal Power Tax

**** 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). 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 much […]

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 […]

LRET “Stealth Tax” to Cost Australian Power Punters $30 BILLION

**** As STT has pointed out – just once or twice – the Large-Scale Renewable Energy Target is simply unsustainable: any policy which is unsustainable will eventually fail under its own unfathomable weight; or its creators will be forced to scrap it, in circumstances of shame and ignominy. We’ll go on to detail just why […]

Senator Matt Canavan: Australia’s RET Policy: “Robin Hood visits Bizarro World”

**** Labor’s energy policy nothing but wind The Australian Matt Canavan 4 December 2014 GEORGE Orwell once said that political language was designed to “give an appearance of solidity to pure wind”. Step forward exhibit A and the Labor Party’s explanation for refusing to fix the mess that is Australian renewable energy policy. Mark Butler […]

Politicians & Business Finally Waking Up to the Massive Costs of the LRET

**** In this post we highlighted the political distinction between the small scale renewable energy scheme (SRES) – which doles out subsidies for rooftop solar – and the Large-Scale RET (LRET) – upon which the debacle that is the wind industry depends. While Greg Hunt and Ian “Macca” Macfarlane have been running around talking up […]