Attempt by Abbott government to stop Clean Energy Finance Corporation co-financing rooftop solar is likely to make rooftop solar a lot more more expensive for those homes and businesses who have yet to install the technology, and who cannot afford to buy the systems outright.
CEFC directive further isolates Australia as one that has scaled back its renewable energy target and now is winding back the wind power sector.
Solar thermal technology is still an outside bet – and not the kind of investment the CEFC was set up to make.
A world-leading 1,200MW wind and solar project proposed for north Queensland is competing head to head with a new coal power station proposal favoured by Tony Abbott, who is keen to give taxpayer loans to the coal generator, but not the wind facility.
The Clean Energy Finance Corporation says it will provide $50 million to FirstMac, a non-bank lender with a $6.5 billion portfolio that issues finance primarily via on-line portals.
CEFC commits $100 million to Origin Energy to help utility giant expand its offerings of rooftop solar and battery storage to consumers.
Norway pension fund, the world’s largest, to dump coal investments; ANZ launches largest Australian green bond for investment in renewables and low carbon buildings, while investors try to force Chevron to return money to shareholders rather than throwing it away on fossil fuel exploration.
A 15-storey, B-grade commercial office building in Sydney will reduce its energy use by 30% thanks to financing from the CEFC through an EUA.
Two months after Victoria axes energy efficiency target, CEFC and Commonwealth Bank target Shepparton manufacturers with $100m loan program.