EnergyWatch

Green power a victim of own success down under as costs plunge

The cost of solar and wind power has plunged in Australia, and this has raised the prospect of terminating subsidies as renewables now seem to be able to compete with fossil fuels.

Plummeting costs for renewable energy in Australia may tilt the government toward scrapping subsidies designed to encourage use of the technology.

A sharp decline in the cost of solar and wind power has raised the prospect of ending the incentives as renewables are now able to compete or even beat fossil fuels. That may give Prime Minister Malcolm Turnbull sufficient cover to avoid setting clean energy targets as he seeks to avoid further political infighting that's plaguing his government.

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