Wild winds blow up solar farm profits
Solar farm owners in south-eastern states are switching off their plants to protect their profits as extreme winds, abundant rooftop solar generation and low demand from customers enjoying the warm start to spring create an oversupply of power.
As wild winds in Victoria left more than 140,000 households without power on Monday, the curtailment of generation from solar farms reached almost 80 per cent in NSW as wholesale prices dropped to zero and below, according to electricity market expert Paul McArdle.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Energy
Fetching latest articles