, Australia

Wind power left out of Australia's clean energy funding?

More than A$13 billion in government funds may be invested by Australia for clean energy that could boost large solar power stations.

 

The Senate recently passed laws supporting renewables and a national carbon price to accelerate investment in cleaner energy.

Geothermal, wave power and energy efficiency projects are also likely to benefit from two independent bodies to be approved by the Senate, the A$10 billion dollars or US$10.3 billion Clean Energy Finance Corporation and A$3.2 billion Australian Renewable Energy Agency.

Wind farms and household solar are unlikely to get access to the cash because the technologies are more mature, cheaper than other renewables and less in need of support.


"Not only does the CEFC stimulate certain technologies but it also acts against other technologies, so the wind industry might come out really loudly against the CEFC," said Tony Wood, director of the energy program at the Grattan Institute in Melbourne, an independent think tank.

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