15 January, 2016

Rebewable energy investment stagnant because of Abbott influence


Investment in large-scale renewable energy in Australia remains stagnant almost two years after the Abbott government began a review of the sector, according to an annual survey by Bloomberg New Energy Finance.

Investors spent just $15 million since February 2014 on big wind, solar or other clean energy projects that were not otherwise supported by government programs such as the Australian Renewable Energy Agency.

Read Peter Hannam’s story in today’s Melbourne Age - “Confidence in renewable energy sector 'evaporated' after Abbott cut: Bloomberg.”

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