Originally Posted by
chuboy
Still waiting for a reason why our government should have any business giving Adani a financial leg up for their project.
If they are going to pour money into it, I'd rather it was a nationally owned mining company so that Australia would retain the wealth.
Hmmm... an infrastructure
loan on facility's that other company's will be allowed to use... Yeah, and the facility's are ours to keep no matter what happens to Adani...
Whilst we is on "retaining wealth"... Who ultimately gets the taxpayer funded monies of the FRV solar power facility at Moree ?
Moree Solar Farm received $101.7 million in funding support from the Australian Renewable Energy Agency (ARENA) and a debt finance commitment of $46 million from the Clean Energy Finance Corporation (CEFC).
Chief Executive Officer of Fotowatio Renewable Ventures (FRV), Rafael Benjumea noted “The project would not have been possible at the time without the support of ARENA and the CEFC”.
Whilst we is with FRV, they have claimed a first:
In May 2016, FRV signed a contract to sell the entire electricity output of Clare Solar Farm and large-scale renewable energy certificates (LRECs) produced by the plant to Origin Energy. Through the Power Purchase Agreement (PPA), Clare Solar Farm was the first large-scale solar project in Australia to obtain funding without Government subsidy.
Wow! Milestone, No taxpayer subsidy... although, what is them "renewable energy certificates" ?..
And then there's the 'gold plating' of the power system to handle all that solar surge... Hmmm, who pays for that..
And who ultimatly owns FRV ?... google takes me to some Saudi prince..
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