The Australian federal government has announced a TEN BILLION DOLLAR investment fund in renewable energy.
What sort of return can we expect from this investment? Looking at how uncompetitive most “green” energy is, I doubt it will be anything at all.
All reports and claims that “green” energy can be competitive with traditional energy dense sources such as coal, oil, gas or nuclear, are misleading or untrue.
This is why shares in wind projects and other green energy projects have plummeted.
The financial reality is that it is just not economically viable to have large scale electricity production from these sources.
This will cost every Australian $500 a piece with little or no return.