ABC outrage: Solar in Australia no longer ‘a licence to *steal* money’

ABC writers see only the cruel obstacles in the way of a wealth transfer:

Solar generation is being buffeted by financial headwinds that are killing investment

Who knew that the whole point of financial winds is to kill off dumb investments in the first place.

If the ABC weren’t an advertising agency for Big Gov dependents, the headline could have read:

Artificial solar bubble busts in Australia: green investors burnt

What big government giveth…

Greenenergy markets / Wattclarity

Solar no longer ‘a licence to print money’

Investment has ” has fallen off a cliff.” And there is more of that coming: “Queensland and South Australia have been at the forefront of depressed solar prices, but Mr [Tristan] Edis argues News South Wales and Victoria will not be far behind.

By business reporter Stephen Letts, (Are they kidding? Business?)

Independent wholesale energy market consultant Allan O’Neil has waded through the 660 pages of the ‘Generator Statistical Digest (GSD) 2019′ and found one of the key themes was the struggle new solar farms were having “with the messy reality of the electricity market”.

Back then, NEM wholesale prices were averaging close to $100/MWh (megawatt/hour)…

And which poor suckers […]