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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

Published Thu, Jun 25, 2015 · 09:50 PM
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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 progresses with A$750 million in new wind farms. SunEdison Inc, the US solar company, said that it will look at developing large projects in Australia.

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