<
https://reneweconomy.com.au/queenslands-latest-wind-farm-kill-sends-shockwaves-through-renewables-industry/>
"The case for investing in Queensland renewable energy is now in real jeopardy
as the latest project cancellation causes shockwaves among investors.
This week, the state government cancelled another already-approved wind
project, this time claiming everything from a lack of community support to not
moving quickly enough on a still-current planning approval, and not complying
with new “minimum project requirements” only established this year.
It’s just the latest in a list of clean energy projects the state has axed or
dismantled this year, moves that are causing real damage to investor sentiment.
The state has also ripped up the renewable energy targets set by the previous
Labor government.
“This week’s decision to pull legislation enabling the development of the 1.2GW
Forest Wind project in a state forest – a monoculture with low biodiversity –
will send another shockwave through the investment community,” Westwind head of
development Shane Quinnell wrote in a LinkedIn post.
“The Queensland government needs to holistically decide if it wants renewable
energy and the many benefits it offers Queenslanders.
“Stability and certainty are [investors’] primary drivers. Investors will
generally accept worse policy settings when stable. Renewable energy investors
are resilient – after years of political fighting they have had to be. But they
are human.
“Investors need clarity and consistency – urgently.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
