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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.



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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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