Australian Power Retailers Snub Wind & Turn to the Sun

STT has been pointing out for sometime now, the fact that Australia’s big 3 power retailers have been refusing to ‘play ball’ with beleaguered wind power cowboys, like near-bankrupt, Infigen and the union super fund backed disaster, Pacific Hydro. Commercial retailers have not entered any power purchase agreements with wind power outfits, since about November […]

Australian Power Retailers Give Renewable Energy Target 3 Years to Live

In this little piece from The Australian, keep an eye out for some truly desperate characters, who are having real trouble coming to terms with the fact that Australia’s electricity retailers have given the LRET no more than three years to live. Investment stalemate puts renewable energy target at risk The Australian Andrew White 16 […]

PM Hopes to Salvage LRET & Wind Industry by Reviving Renewables Slush Fund

**** In Australia, the fact that the Large-Scale RET was slashed once (from a 41,000 GWh annual target to 33,000GWh) guarantees that no commercial retailer will enter a long-term Power Purchase Agreement with a wind power outfit; and, accordingly, that no commercial banker will lend money for any new wind farms (see our post here). […]

Wind Industry Still Wailing About ‘Uncertainty’ as Construction Finance ‘Drought’ Hits

Wind power outfits have now cottoned on to the fact (slow learners that they are) that Australia’s big power retailers have turned their backs on the wind to face the Sun, instead. The former second-hand car salesmen that front the wind industry are still coming to grips with the recalcitrance of commercial retailers (we don’t […]