Australia large-scale renewable investment hits a low point
Australian investment in large-scale renewable energy projects fell sharply in the first quarter of 2016, more than six months after the Coalition government promised “certainty” after forcing Labor to agree to slash the renewable energy target to 33,000GWh. New data from Bloomberg New Energy Finance showed that investment in large-scale renewables – wind and solar – slumped to just $US69 million, falling back to levels seen in the midst of the investment freeze, when the then Abbott government sought to abolish the RET altogether, or seek bigger cuts. The impact in 2014 was so dramatic that large-scale investment actually dried up completely …