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Gold/Mining/Energy : Wind Power
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From: The Kiwi Investor10/6/2024 5:53:56 AM
   of 985
 
Australian renewable problems Like wind and solar.
A big problem for the Australian Renewable energy market. In south Australia after a major bush fire burnt the power lines. Private citizens started buying a lot of solar panels to put on their houses because having no electricity in 40 degrees heat is very uncomfortable to say the least.

Now what's happened 40 percent of private citizens have installed solar panels on their houses and sell the excess into the grid. So some days the majority of electricity is generated by private homes. So if the rest of Australia catches on then the major generators are in trouble and what's worse is that the Australian government subsidies people to install solar panels on their houses.

Another example of how bizarre the Australian electricity market is. A couple of years ago Meridian energy which is 52 percent owned by the New Zealand government owned a renewable Power Station's in Australia and then sold up and left in 2022.
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