The Australian solar industry has been rocked by the apparent collapse of one of the country’s largest and most prominent solar developers, the Queensland-based Ingenero.
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.
Tony Abbott has surrounded himself with nuclear advocates. This explains his antipathy towards wind and solar, but as the French government, and Australian nuclear technology developer Silex are discovering – it’s a dead end. It’s time for Abbott to dump his unstated nuclear fantasies.
Silex Systems decided in June to dump its solar business to focus on nuclear. But now the nuclear industry has dumped Silex.
The fossil fuel lobby has played the joker in its pack. Even after assuming the improbable – that renewable costs would be double even conservative estimates – they conclude that the RET is costing households $1 a week. And that’s even before calculating the benefits.
Greens leader says conservative forces behind Abbott determined to kill renewable industry, and “appeasement” will not save the sector, but ambition might.
If Tony Abbott wants to cripple Australia’s renewable energy industry, as many suspect, he can do so without doing anything at all. That’s because the removal of the carbon price could make long-term financing unfeasible, even if the renewables target is unchanged.
One of the tragedies of Australia’s large scale renewable energy industry is that it has an excellent policy in place. But such is the level of uncertainty about the future of that policy, the industry cannot move forward.
US developer Recurrent Energy has Australian pipeline of 1,500MW of utility scale solar PV. An 80MW plant in Queensland could be first.
Solar industry warns that PV market could experience as catastrophic a slump as the solar hot water market if policies are changed.
HydroTas boss says Apple Isle could provide 1GW of zero emission ‘baseload’ power through wind and hydro, replacing brown coal generators in Latrobe Valley.
New player in solar leasing says Australian market could reach $100 billion. It sees huge demand from businesses, as well as homes when battery storage becomes cost competitive in a few years, and it sees huge appetite from banks and super funds for an annuity style infrastructure investment.