Investment in wind, solar and storage falls off cliff as grid and policy woes kick in | RenewEconomy

The latest data reveals the full impact of the federal Coalition government’s “do nothing” policy on renewables, its obsession with gas, and its decision to largely ignore over the last half decade the need for grid planning.

“This fall in investment reflects the growing risks being placed on renewable energy developers across the country,” CEC chief executive Kane Thornton says. “The primary drivers for this fall … relate to the challenges associated with the grid connection process, unpredictable government policy interventions and underinvestment in network capacity creating congestion and constraints.”

Investment in wind, solar and storage falls off cliff as grid and policy woes kick in | RenewEconomy