Abbott strangles $20B green investment to save 50 cents/week

Screen-Shot-2013-06-03-at-9.32.22-AMThe only wind turbine in NSW, north of Sydney, the 600kW Kooragang turbine, constructed in 1997 to “promote the emerging green energy market”,  is to be removed by Ausgrid – to make way for a new coal loader.

These are dangerous times for the renewables industry in Australia, particularly those looking to construct some $20 billion of utility-scale installations – be they wind or solar. Newman threw in large-scale renewables as part of the cause of rising prices, but the analysis by the Queensland Competition Authority shows that only 3.5 per cent of the average customer bill of $1451 a year will go to support the renewable energy target, including the small and large-scale schemes. That’s less than $1 a week for the average household.

>read more> Renew Economy

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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