Renewable Energy Developers Ready To Quit Australia Over Idiotic Government Policies
At CleanTechnica, we like to feature all of the amazing clean energy projects taking place in Australia, despite hostility from the federal government. But there is trouble on the horizon. A lack of clear renewable energy policies from the Australian government and difficulty getting approval from the Australian Electricity Market Operator to connect new projects to the nation’s grid have many renewable energy developers ready to pull the plug on further investments in Australia.
According to PV Magazine, during a webinar put on last week by Australia’s Smart Energy Council, government relations manager Wayne Smith said, “They’re done. The sovereign risk in Australia is too great.” During the presentation, Oliver Yates, the former CEO of the Clean Energy Finance Corporation, said the combination of curtailments and connection failures, together with arbitrary rules governing access to Australia’s transmission network, are all creating “an environment that is starting to become uninvestable.”
Read more: https://cleantechnica.com/2020/02/18/renewable-energy-developers-ready-to-quit-australia-over-idiotic-government-policies/
According to PV Magazine, during a webinar put on last week by Australia’s Smart Energy Council, government relations manager Wayne Smith said, “They’re done. The sovereign risk in Australia is too great.” During the presentation, Oliver Yates, the former CEO of the Clean Energy Finance Corporation, said the combination of curtailments and connection failures, together with arbitrary rules governing access to Australia’s transmission network, are all creating “an environment that is starting to become uninvestable.”
Read more: https://cleantechnica.com/2020/02/18/renewable-energy-developers-ready-to-quit-australia-over-idiotic-government-policies/
Comments
Post a Comment