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Australia passes RET, unblocks A$14b in projects

Legislation on renewable energy target ends months of policy uncertainty that has paralysed investment in renewable energy projects
Friday, June 26, 2015 - 05:50
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Australian Prime Minister Tony Abbott has called wind farms ugly and noisy. His government outlined plans last week to appoint a commissioner to review wind farms.

Sydney

WIND and solar developers in Australia can now get to work on more than A$14 billion (S$14.5 billion) in projects after a new renewable energy target (RET) passed Parliament.

Acciona SA, the Spanish clean energy company, will start talks with banks and retailers as it