Wind Energy is Novelty energy. Never meant for “Prime time”!
South Australia has earned the unenviable title of Australia’s ‘Wind Power Capital’.
For its sins it has seen power prices rocket (the forward price, at $90 per MWh is more than double its neighbour Victoria’s) and unemployment with it: worse is yet to come, on both scores. Then there’s the grid instability and state-wide blackouts that come with routine, total and totally unpredictable wind power output collapses (see above).
It’s already an economic basket case, dependent on Federal Government subsidies to build submarines and other naval vessels. By reference to its ham-fisted economic management, the choice made by its Labor government to throw all to the wind probably seemed like a clever one, back in 2002.
But, economics has a mean way…
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