“The perception that fossil fuels are cheap and renewables are expensive is now out of date”, said Michael Liebreich, chief executive of Bloomberg New Energy Finance. “The fact that wind power is now cheaper than coal and gas in a country with some of the world’s best fossil fuel resources shows that clean energy is a game changer which promises to turn the economics of power systems on its head,” he said.
Hopefully this will drive more renewable energy incentives in Australia.
I am hoping but not holding my breath. We could be a world leader in renewable energy but it doesn't seem to be debated or on the agenda of either side of the major parties.