Australia ‘cannot have renewables’ be ‘100 per cent of the system’ [Video]

Former Snowy Hydro chief executive Paul Broad says the changes going on in Australia’s energy sector need “massive investments”.

Mr Broad said the investments will have “lots of risk about them”.

The former Snowy Hydro Chief executive’s comments come as Australia pursues the path to renewable energy.

“To meet the government’s own targets by 2030 … the concept of this massive change going on in our energy sector – needs these massive investments which will have lots of risk about them.

“We cannot have renewables – have a hundred per cent of the system, with 100 per cent of the reliability at a price point we are today.

“To say that is just completely wrong.”