[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Wind power generators handed $600 million in federal subsidies  

Credit:  Wind power generators handed$600 million in federal subsidies | Meredith Booth, Reporter, Adelaide | The Australian | February 28, 2017 | www.theaustralian.com.au ~~

Wind power generators received $600 million in federal subsidies last year, helping to drive an ­increase in electricity prices for consumers.

Data collated by Australian Power Project, which advocates a sustainable national energy policy, showed $588.7m was paid to wind farm operators.

Wind made up almost 75 per cent of all green power generated in a sector that was paid $790m to help reach a national renewable energy target of 23.5 per cent by 2020.

A spokeswoman for the Clean Energy Regulator said the high market share of wind generation would likely fall towards 2020 as new large-scale solar power generation came into operation.

Australian Power Project chief executive Nathan Vass, a former AGL and Fortescue Metals executive, described subsidies as a wind farm “leg-up”.

He said it was a “bonus payment” to wind generation which also sold power directly to retailers. The money was paid for generating 12.6 million large scale generation certificates for each megawatt of power.

The LGC price had led to an increase in costs for retailers, but they were able to pass this on to consumers.

“These subsidies fundamentally allow renewable energy companies to compete with stable coal and gas-fired power stations despite their inability to deliver reliable electricity,’’ Mr Vass said.

The Australian Energy Market Commission estimates that environmental and other policies account for up to 15 per cent of ­retail power prices, with average prices having risen 4.7 per cent last year.

Clean Energy Council chief executive Kane Thornton said the RET was helping to leverage private investment, amounting to $10 billion for large scale projects by 2020.

Source:  Wind power generators handed$600 million in federal subsidies | Meredith Booth, Reporter, Adelaide | The Australian | February 28, 2017 | www.theaustralian.com.au

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter