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I don't want to be impolite but that is verging on gibberish. Someone could build a solar farm and presumably start making money. The costs are reasonable (eg,
by roenxi 2y ago
I don't want to be impolite but that is verging on gibberish. Someone could build a solar farm and presumably start making money. The costs are reasonable (eg, [0]).
There is an outside risk that in 10 years an extremely expensive source of power enters the market. Assuming a bunch of relatively unlikely stars align, including that someone is mad enough to fund a nuclear plant in Australia despite the usual vocal political opposition that has scuttled the industry in most other western countrys. There is nothing there that threatens solar investment; people invest in riskier capital projects all the time. We're in the middle of what appears to be an energy crisis right now.
The targets and stuff were an issue when mass solar buildouts were an ideological stunt. But we delayed that idiocy for long enough and it appears that private investment will take it from here as long as the environmental approvals etc aren't too onerous.
[0] https://www.csiro.au/-/media/Energy/GenCost/GenCost2023-24Final_20240522.pdf https://www.csiro.au/-/media/Energy/GenCost/GenCost2023-24Fi...
- stubish 2y agoI hope you are right and that solar, wind and battery farms can continue to navigate environmental regulation, be built, and actually sell enough of their electricity to the grid to turn a profit, without incentives from the government, investment in grid connections to suitable locations, and while gas and coal power remains subsidized in all sorts of ways. If this is true then, yes, the problem solved itself. But I personally suspect continuing rollout of wind and solar and the necessary scale is going to require government support.