It's a good thing the Australian Government's recent Energy White Paper was a draft, because it appears they will be busy rewriting it.
According to an article on The Australian, analysis by Bloomberg reveals figures in the Draft Energy White Paper overestimated the cost of solar power threefold and wind power by 50 per cent. Bloomberg says the paper has also underestimated the price of geothermal energy.
Bloomberg points out, as others have done, that some analysts fail to understand just how fast the cost of renewables is dropping. While calculations may be based on figures just a few years old, such data is ancient history given the evolutionary pace in the renewables sector.
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Energy Matters
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