Investment in new Australian wind and solar farms stalls amid ‘raft of barriers’, report finds

First half of year had slowest pace of final approvals in Clean Energy Council's six years of tracking, but backing for power storage was more promising

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Investment in new wind and solar farms has all but stalled with developers facing a raft of barriers" despite strong political support, the Clean Energy Council said in its latest quarterly report.

The first half of 2023 produced the slowest pace of final investment approvals in the council's six years of data tracking. Just four generation projects accounting for 348 megawatts - or roughly the size of a single coal-fired power station unit - secured financial commitment in the June quarter.