The collapse of the Ross Garnaut-backed renewable power retailer Zen Energy is set to have a contagion effect across Australia’s electricity sector, with several large clean energy developments left without a stable long-term buyer for their power.
The retailer tipped into administration earlier this month after its strategy of buying renewable energy from wind, solar and battery projects on long-term contracts and selling it to large electricity users came unstuck in the face of volatile power markets.
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