Clean Energy Finance Corporation given government guidelines, including expected rate of return and maximum yearly spend, on how to invest its $10bn.
Tabling of CEFC legislation raises concerns about RET role; UK energy plan to boost nuclear, wind; Windlab’s South Africa win; Dyesol buy-back; SEA CEO shift.
In an interview shortly after the launch of the Clean Energy Finance Corporation, the chair of the experts panel discusses the investment mandate, the potential to leverage $50 billion in private investment, the risk of failures, and opposition to the concept.
2012 will be a critical year for cleantech in Australia. Costs for many technologies are falling rapidly, but critical decisions will be made about renewable energy targets and support mechanisms. Here, the heads of Pacific Hydro, GE, Infigen Energy, Better Place, Origin, First Solar, Carnegie Wave, the Grattan Insitute, the CEC and the SEAA share their predictions.
The debate around the structure and the purpose of the Clean Energy Finance Corporation will be one of the most critical policy debates of 2012. We summarise some of the more important submissions. Meanwhile, concern about the ability to meet the RET may become a self-fulfilling prophecy.