Australia: renewables investment down 60%; experts say unreliability is to blame
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- Dec 23, 2019 12:39 pm GMT
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In Australia, investment in wind and solar energy is drying up - a trend experts blame on their inherent unreliability. On SkyNews, correspondent Frank Russo described the cause of blackouts in Victoria earlier today: "We're talking about a very unreliable source of power. When you get things like a cloud going over a solar [farm], and there's no power to the communities, that's just not good enough...we're having to rely on coal energy now, because it's the most reliable."
Reporter Scott Emerson: "The case being put forward is 'the cost of renewables is coming down, and is now competitive with traditional sources of energy.' But in fact this story [warning issued by the Clean Energy Council] is saying 'No - they still need a handout from government."
A lesson the U.S. can either learn, or repeat.