Infigen has sold its US wind energy business to Primary Wind Power for approximately $US 272.5 million.
The return of certainty following debate over a revised Renewable Energy Target has been cited by investors in a $450 million wind farm.
Legislation to cut the renewable energy target (RET) has passed Federal Parliament, following a contracted stand-off between the major parties.
Environment minister Greg Hunt has offered to appoint a wind farm commissioner in an attempt to gain the support of crossbenchers for a revised Renewable Energy Target.
Precision Components’ new Heliostat SA division is producing technology developed at the CSIRO for export to Japan.
Legislation lowering Australia’s Renewable Energy Target to 33,000 gigawatt hours by 2020 has passed the upper house.
The Government and the Opposition are close to finally agreeing on the RET, following Prime Minister Tony Abbott’s intervention to dump two-yearly reviews.
The Opposition says it will not pass changes to the renewable energy target if they include the provision that the target will be reviewed every two years.
Businessman and former chairman of Manufacturing Australia, Dick Warburton, has expressed disappointment at the new Renewable Energy Target.
Business groups have called on the Government to compromise on the higher RET, in order to provide certainty the renewable energy sector.
A Liberal MP has said the Government needs to support a compromise renewable energy target and put an end to uncertainty in the renewables sector.
Employment in the renewable energy sector has dropped by 15 per cent in the last two years, according to the Australian Bureau of Statistics.
The federal government’s Energy White Paper, released yesterday, has been largely welcomed by business leaders but criticised by environmentalists.
Industry groups, clean energy companies and electricity users have penned an open letter to the government, requesting a compromise on the RET.
Australia’s Renewable Energy Target remains undecided and the Government may start to negotiate with crossbenchers to resolve the impasse.
There is still no sign that the opposition and federal government will come to an agreement on a revised Renewable Energy Target.
The AWU’s national secretary has said that both sides of politics needed to stop dithering and reach a compromise on the Renewable Energy Target.
Agreement on the controversial renewable energy target is becoming more likely as the Government and the clean energy sector continue talks.
Australian Tartaric Products grape waste-powered biomass reactor has saved the company over $2 million in power bills so far, according to the company.
It is in the national interest for an agreement to be reached on renewable energy, with the uncertainty crippling investment, according to the Australian Industry Group.