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Surge in big battery investments masks collapse in new wind and solar – RenewEconomy
CEC says battery storage investment is surging, but Morrison government interference has helped push investment in wind and solar to a five year low.
New investment commitments in Australian big battery projects surged to record highs in the first three months of 2021, according to the Clean Energy Council, but it could be masking a potentially devastating collapse in new large-scale wind and solar investment.
Analysis compiled by the CEC shows that financial commitments for new big battery projects increased four-fold between Q4 2020 and Q1 2021, from 150MW to 600MW in the first three months of this year.
“Big batteries have come of age, with…
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