Expert cautions large pipeline of potential projects will not deliver required energy capacity unless companies make final investments

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Renewable energy investors have warned “deep structural issues” are driving a slump in solar and wind investment in Australia, with commitments on large-scale farms at the lowest level in almost a decade.

Clean Energy Regulator data shows the government agency expects 2.5GW of industry-scale renewable energy capacity to reach a final investment decision this year, down from 4GW last year. The 12-month average for investment commitments on new developments is at its lowest since early 2017.

Source: Guardian - World News