The Victorian government is being warned against using a risky funding model that would offer a taxpayer guarantee for minimum energy prices to private companies, to kickstart $100 billion in offshore wind investment which has been delayed and set back by federal interventions.
The state government is running late on the release of the next stage of its offshore wind strategy, which was dealt another blow on Friday by federal Energy Minister Chris Bowen’s decision to deny the country’s second most advanced offshore wind project, known as Seadragon, in Victoria’s Gippsland.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.