Business
More than $1 billion wiped off value of Queensland coal and gas power stations – RenewEconomy
Queensland Audit Office cites falling prices and growing renewables for $1B cut to value of state’s fossil fuel plants, including one that’s now worth zero.
More than $1 billion has been wiped off the value of Queensland government owned coal and gas generators, as falling electricity demand and the growth of wind and solar slash profits, with the Queensland Audit Office warning that further cuts are in store.
A new report published by the Queensland Audit Office has detailed how more than $1 billion has been wiped off the value of Queensland government owned fossil fueled generators, as falling wholesale electricity prices slash generator profits.
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