The government will underwrite risky investments in renewables – here's why that's a good idea
- Written by: Tony Wood, Program Director, Energy, Grattan Institute
Climate Change and Energy Minister Chris Bowen today announced a scheme to underwrite the risk of investing in new renewable energy generation and storage.
The expansion of the national Capacity Investment Scheme follows a successful pilot study with New South Wales. The government paid A$1.8 billion for just over a gigawatt of capacity, through a...
