Solar industry says proposed changes to RET could signal end of commercial scale solar market in Australia.
Articles by Giles Parkinson
Giles Parkinson is a journalist of 30 years experience, a former Business Editor and Deputy Editor of the Financial Review, a columnist for The Bulletin magazine and The Australian, and the former editor of Climate Spectator.
Greg Hunt has spent the last year saying the costs of the RET are modest. Now, he says, meeting the 41,000GWh target would entail “extraordinary” penalties.
The predictable findings of the RET Review panel will deliver massive windfalls for fossil fuel generators. But as they celebrate a victory of short term interests over long term public benefits and good policy, their Kodak moment looms larger than ever.
Yingli says policy uncertainty holding back Australian solar market, as demand in rest of the world – Europe, Asia, Africa, Americas – surges.
RET Review panel appointed by Prime Minister Tony Abbott calls for closure of the renewable energy target to new entrants as one of two options it is recommending to the government. It also wants small scale scheme closed or limited to installations of less than 10kW.
BNEF says presumed changes to RET will cause string of bankruptcies, and effectively kill renewable energy industry in Australia for a decade.
Fairfax’s media flagship has called on Tony Abbott to protect the RET, and then recommended a raft of policies to do exactly the opposite. It’s another example of why the Abbott government’s destruction of a $20 billion industry is and will not be questioned in mainstream media.
Solar now in nearly 1/4 homes in South Australia, as official data shows renewables hit state’s ambitious 2020 target, and emissions fall sharply.
As Abbott government renews attempts to kill ARENA, academics warn Australia could lose world leading position in solar research.
UNSW research led by Martin Green into “stacked” solar cells one of 12 groundbreaking projects to get funding from ARENA.
Miles George, head of Infigen Energy, says the renewable industry faces destruction if – as appears increasingly clear – the Abbott government makes substantial reductions to the renewables target. Job losses, company failures, and legal action, will inevitably follow.