Commentators and politicians who talk endlessly about the electricity grid’s inevitable transition to renewables seldom bother with the detail that private investors still have to fund the vast bulk of these supposedly cheap, green power projects.
The trouble is that those private investors are not much interested in ‘cheap’ power as that means low returns, and are instead putting their money elsewhere, including into fossil-fuel projects with potentially three times the rate of return.
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Mark Lawson’s book: Dark Ages - the looming destruction of the Australian power grid markslawson@optusnet.com.au
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