The truth about the great wind power fraud
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 […]
*** 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 […]
**** 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 […]
**** 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 […]
**** 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 […]
**** 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 […]
**** 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 […]
**** Australian politics is (sadly) renowned for its “colour” – and there are few more colourful than Queensland’s political “giant”, Clive Palmer. Head of the PUP – or the “Prices“r”UP” Party. Yesterday – in a circus so bizarre that PT Barnum would have been left speechless – Palmer teamed up with none other than Al […]
**** In our earlier posts (here and here) we outlined the fact that – under the mandatory Renewable Energy Target – retailers are fined $65 per MWh for every MW they fall below the mandated 41,000 GWh annual target: what’s called the “shortfall charge” – follow the links here and here. With less than 23,000 […]
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