‘Investment has fallen off a cliff’ for large-scale renewable energy capacity development

Sky News host Steve Price questions the future of energy capacity in Australia as investment in large-scale renewable capacity development has "fallen off a cliff". “Renewable energy capacity and new projects, investment in both solar and wind had dropped in the last 12 months by 80 per cent,” he said. Mr Price said it is being blamed on slow “planning” and environmental approvals. “Ever-rising costs” and a tight labour market are also contributing factors, he said. “Investment has really fallen off a cliff.”