Wind farms in Australia may have to close under proposals put forward by RET Review panel, which is accused of ignoring financing issues.
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Hunt says slashing renewables target to 25,000GWh would not break an election promise – because 41,000GWh was nothing but a “flaw in system”.
Doctors, solar and wind tower manufacturers, developers and voluntary markets associations warns of devastating impacts of RET review.
Solar industry says proposed changes to RET could signal end of commercial scale solar market in Australia.
IEA says renewables growth headed for 5-year slump if govts and utilities fail to rise to challenge of increasing deployment. Meanwhile, in Australia…
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.
BNEF says presumed changes to RET will cause string of bankruptcies, and effectively kill renewable energy industry in Australia for a decade.
Yingli says policy uncertainty holding back Australian solar market, as demand in rest of the world – Europe, Asia, Africa, Americas – surges.