Almost every large solar farm in Australia’s southeastern states will be forced to switch off at least one-third of the power they generate by 2027 as delays to critical energy transition projects cause major bottlenecks on the electricity grid.
New analysis by the Australian Energy Market Operator shows that the slow rollout of key poles and wire projects in Victoria will severely limit the amount of power big renewables projects can produce to replace Australia’s soon-to-be-shuttered coal plants.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.