Investment in Clean Energy Production Predicted to Rise

It is predicted that the use of solar and wind power will rapidly increase as costs falls. There has been an improvement in the efficiency of wind turbines. Solar panels also put out more power at a lower cost.

Australians have strongly adopted solar power while governments offer high payments for electricity going back into the system. Making an end date of 2026 of such overpayment was a silly idea. It is too far ahead for future governments to guarantee this "lopsided" subsidy that only helps the wealthy. The financial burden has been pushed onto the elderly.

Solar power has hidden costs. Power surges burn out televisions and computers. New ones must be purchased. Many consumers are saying someone has to fix this. Considering solar power generation will fluctuate throughout the day with this is near impossible.

Frank Calabria, CEO of Origin Energy, favors the elimination of all subsidies on clean energy. This indicates a probable back down considering Origin is the largest investor in wind farms. Coal remains the cheapest form of power production in Australia. This economic advantage will continue. Whether new calls for nuclear power are supported is unknown are present.
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Australian Blog