Investment in large-scale clean energy projects has crashed this year in Australia due to uncertainty over the future of the nation's Renewable Energy Target scheme. An Oct. 3 analysis by Bloomberg New Energy Finance showed that dedicated funding for large-scale projects has plunged from A$2 ...
It is a collaboration between Cannon-Brookes, Tesla and Australian solar manufacturers 5B with work already underway in New South Wales (NSW), Victoria and South Australia (SA), the three states hit hardest by the bushfire crisis. "After a horror summer, many Aussies need our help to get t...
The budget brings the government led by prime minister Anthony Albanese to over AU$40 billion total investment into clean energy, it claimed, avowing its intent to mold Australia into a “renewable energy superpower”. As the Clean Energy Council pointed out, among its main achievements so far ...
“Clean Energy investment in Australia fell sharply in the lead-up to the federal election and then fell further again after the Coalition took government, with its promise to conduct a review of the Renewable Energy Target,” the Sydney Morning Herald quotes Kobad Bhavnagri, the head of Bloom...
CANBERRA, Jan. 23 (Xinhua) -- Australia's Minister for Energy and the Environment has confirmed that the country will meet its 2020 Renewable Energy Target (RET). In order to achieve the RET of 33,500 gigawatt hours (around 23.5 percent Australia's electricity generation) the Clean Energy ...
This report argues that Australia's 20 per cent Renewable Energy Target has delivered $18.5 billion in investment, with the potential for $18.7 billion more if the policy is retained in its current form. A target mandating the purchase of new renewable energy generation by retailers has been in...
Renewable energy is a somewhat sensitive sector from a foreign investment perspective. Australia's foreign investments regime generally requires that 'foreign persons' investing in renewables projects and related acquisitions notify the Australian Treasurer, advised by the Foreign Investments Review Board (FI...
As more than 100 renewable energy generations projects are in construction across Australia and more than 27% of Australia’s electricity generation comes from renewable energy, BHP is considering capital investment into renewable energy generation projects. ...
Doubts in continued funding to the Australian Renewable Energy Agency (ARENA) has led to clean energy company Geodynamics placing two projects into suspension in New South Wales and Western Australia. The Turnbull Government wants to save $1.3 billion by abolishing ARENA, which was established in 20...
What Australia needs to boost large-scale renewable energy projects They overall generated a total of 509 MW, mainly from financially committed projects. Financial Year 2023 has been a challenging year for the development of grid-scale renewable energy projects, which attained an overall 509 me...