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Investment in new Australian wind and solar farms stalls amid ‘raft of barriers’, report finds (www.theguardian.com)

submitted 2 years ago by Mountaineer@aussie.zone to c/environment@aussie.zone

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[–] autotldr@lemmings.world 4 points 2 years ago

This is the best summary I could come up with:

Investment in new wind and solar farms has all but stalled with developers facing a “raft of barriers” despite strong political support, the Clean Energy Council said in its latest quarterly report.

“While there is now strong political support for the clean energy transition, there remains a raft of barriers as a result of the historic lack of leadership, planning and foresight over the prior decade,” Kane Thornton, the council’s chief executive, said.

The sector was “a long way off the pace necessary for Australia to achieve an 82% renewable energy share by 2030”, the council said, referring to the Albanese government’s inferred target from its emissions reduction goals.

The disappointing rate of recent investments in new generation capacity is prompting the state governments to consider ways to ensure sufficient coal-fired power stations remain available to the grid until renewables arrive.

On Monday, Victoria’s Andrews government signed an agreement with AGL Energy, Australia’s biggest electricity generator, to ensure its Loy Yang A power plant in the Latrobe Valley operates until June 2035.

Sharpe’s office said the government was “closely monitoring the impact that the retirement of coal-fired power stations may have and will respond if there is adverse advice from the Aemo on NSW’s future electricity reliability”.

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