Renewables investment boom facing headwinds

Having burst out of an investment black hole at warp speed, the renewable energy sector’s massive building boom looks likely to hit an uncompromising wall.

ABC News is reporting the reckoning is likely to be sooner rather later, as a nasty confluence of factors keeps mounting up.

Long-term contract prices are tumbling, and the market operator has effectively slashed the value of projects operating on the periphery of the network.

On top of that, rooftop solar’s rapid uptake is competing directly with utility-scale solar, and coal is still a cheap form of power.

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