Investment bank HSBC says wind and solar sectors offer best opportunity for green investors, while industrial efficiency looks the least attractive.
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.
Adding solar systems at a rate of 13,000 a month, Australian households invested nearly $3bn in rooftop PV in 2013, and have accounted for nearly all clean energy investment in the country in 2014, as utilities pull the plug on large-scale projects.
ACT opens process for 200MW of wind projects, and places new emphasis on projects beyond immediate region as local anti-wind MPs intensify opposition.
Macquarie gains electricity retail licence as it rolls out solar leasing business. Other firms, including Sungevity, are also applying – at least for exemptions.
Environment minister sees future in ‘clean’ coal, and refuses to endorse renewables. This comes as new data shows large-scale renewable projects at a standstill, and as industry finds doors closed in Canberra. Meanwhile, new data show electricity emissions have fallen 5 per cent in past year.
Abbott government has brought the large-scale renewable energy industry to a standstill, with no new projects in 2014, and only four in 2013.
Can generators live off two hours of demand a day? And what if utilities actually tried to slow down the rollout of rooftop solar? If these are questions energy utilities are asking themselves in the current market environment, they may not like investment bank Bernstein’s answers.
Large energy users commissioned an analysis of the renewable energy target. They were surprised to find maintaining or increasing the LRET would lower energy costs.
IPCC says action on climate change is urgent but affordable. But as the US and others endorse its finding, the Abbott government says it will “wait and see”, all the while dismantling the mechanisms that could achieve higher targets, and the institutions that would tell it why this is a dumb idea.
RayGen signs $60m deal for assembly of its CSPV technology in China. It predicts CSPV sales could top $1bn by 2020.
UBS research shows soaring network costs have made Australia the most expensive market for electricity prices. However, the average increases in costs from renewable-focused countries such as Germany and Denmark have been below average.