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A slow 1H for utility PV and wind projects in Australia

From rystadenergy.com

The first half of 2020 has certainly been a wild ride for the Australian renewables market, which faced raging bushfires, a global pandemic and a logjam of 1.5 GWAC of new wind and PV assets connecting to the grid, leading to deflated wholesale prices and severe connection delays. As a result, new utility PV and wind additions fell to the lowest level seen over any six-month period since 2016. Moving into the second half of the year, it remains difficult for advanced projects to reach financial close. Queensland has been the location of choice for newly proposed Australian renewable projects in 2020. Of the 28.4 GWAC ... (full story)

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  • Category: Fundamental Analysis