Australia's renewable energy industry grind to a halt
Author: The Sydney Morning Herald Date Posted:21 July 2014
Shadow looms over large-scale renewables in Australia
Australia’s investment in renewable energy all but dried up in the first half of 2014 amid uncertainty fuelled by the government’s latest review of the mandatory target, according to Bloomberg New Energy Finance.
In the six months to June, just $40 million was invested in large-scale renewable energy, such as wind farms, the lowest level since the first half of 2001, according to Kobad Bhavnagri, head of BNEF's Australian unit.
The investment tally compared with $2.691 billion in 2013, the second largest annual inflow of funds to the clean energy sector behind the peak year of 2010.
In February, the government appointed a panel to review the aim of generating 41,000 gigawatt-hours of renewable energy by 2020.
