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Some good news for renewables
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Some good news for renewables

New Energy Levels: Mark Bretherton, from the Clean Energy Council, explains the role of this peak renewable energy organisation and the role of other organisations and factors in Australia’s renewable energy sector. The last few years have been challenging for the renewable energy sector when the federal government decided to review the Renewal Energy Target (RET) at the beginning of 2014. The RET is the most important policy for the renewable energy industry, encouraging the lowest cost types of renewables to be built. The uncertainty created by that review meant that financiers were reluctant to lend the money required, investments dropping by 90% for large scale renewables like wind farms and solar farms. The 13 projects that were underway in 2013 slowed to a trickle, with only a couple of projects still underway. The 18 months of chronic uncertainty were ended when bipartisan support for a lower target was achieved.
So - go renewable!

 

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