For over 3½ years, STT has been warning about the pending social and economic disaster in Australia’s so-called “wind power capital”, South Australia. A few weeks back we covered yet another crippling 12% hike in retail power prices, to be suffered by cash-strapped South Australian households; those who, of course, aren’t among the tens of … Continue reading South Australia’s Wind Power Nightmare Crushing its Biggest Employers
Tag: wind power purchase agreements
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 … Continue reading Wind Industry Still Wailing About ‘Uncertainty’ as Construction Finance ‘Drought’ Hits
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 … Continue reading Bankers & Investors Close Ranks & Doom Wind Industry to Death By A Thousand Cuts
Australian Power Retailers Deliver Fatal Blow to Wind Industry with Mass Solar Roll-Out
**** 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 … Continue reading Australian Power Retailers Deliver Fatal Blow to Wind Industry with Mass Solar Roll-Out
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 … Continue reading What Kills the Australian Wind Industry: A $45 Billion Federal Power Tax
Angus Taylor MP: Retailer Boycott – Wind Farms will NOT be Built where there is ‘Negative Community Reaction’
**** Angus Taylor, the Liberal Federal Member for Hume gave a wind industry scorching interview on Alan Jones' Breakfast show on 2GB last week. For Australian rural communities fighting the threat of these things, STT thinks that what Angus had to say is the best news that they will have heard, since their battles began. … Continue reading Angus Taylor MP: Retailer Boycott – Wind Farms will NOT be Built where there is ‘Negative Community Reaction’
Let the Sun Shine In: Australia’s BIGGEST Power Retailer Determined to Kill Wind Power
**** 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 … Continue reading Let the Sun Shine In: Australia’s BIGGEST Power Retailer Determined to Kill Wind Power
Wind Industry Still Wailing About ‘Uncertainty’ as Australian Retailers Continue to Reject Wind Power ‘Deals’
[Could it be something about the 'product', maybe?] Back in February this year, STT covered the unassailable fact that Australia’s Large-Scale Renewable Energy Target (LRET) - then set at a colossal 41,000 GWh - was completely unsustainable on every level - economic, political and social: LRET “Stealth Tax” to Cost Australian Power Punters $30 BILLION … Continue reading Wind Industry Still Wailing About ‘Uncertainty’ as Australian Retailers Continue to Reject Wind Power ‘Deals’
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 … Continue reading Origin’s Grant King Spells Out the Inevitable Demise of the LRET & the Wind Industry
Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET
**** As STT has pointed out, just once or twice, the policy debacle that is the Large-Scale Renewable Energy Target (LRET) is completely unsustainable, on every level: economic, social and political. In the absence of the mandated subsidies (“the carrot”) directed to wind power outfits, and the mandated penalties (“the stick”) whacked on retailers under … Continue reading Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET
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