Queensland govt rejects Productivity Commission recommendations to review 50% RET and cut short Solar Bonus Scheme, as measures to rein in soaring electricity prices.
Tag: "renewable energy target"
Australia is snubbing the first major post-Paris summit on the global energy transition. Meanwhile, Australia’s renewable energy target remains at a standstill even as global investment in renewables reaches record levels. At least households and businesses are investing in rooftop solar.
SA Premier Jay Weatherill has outlined four key strategies to achieve his government’s low-carbon investment target of $10bn by 2030.
Queensland energy minister Mark Bailey answers 10 questions about how the Palaszczuk government is turning the state’s renewables record around, and how it will meet its target of 50% renewables by 2030.
Queensland is the only state in Australia where the wind industry has yet to establish itself. That could change quickly in the next year or so.
Australia’s renewable energy target heading for a train-crash, with no new projects and 3,800MW of new capacity commitments needed in next 12 months to avoid shortfall.
AGL defends coal plant buying spree, saying it would provide funds to invest in renewables “if and when” investment climate improves.
Turnbull describes Labor’s 50% renewables target as reckless, Hunt continues nonsense attack on emissions reduction costs, while Coalition’s climate deniers and renewable-haters continue to run amok. Has anything changed?
Australia’s biggest wind farm is producing electricity at less than $80/MWh. At current prices, the market for new wind projects should be strong. But political uncertainty from Abbott government is killing the market.
Infigen Energy says investment drought in Australian renewables could last another 18 months as big utilities extend their buyer’s strike, and developers struggle to put together capital to build wind and solar farms without long term contracts.