Antinuclear

Some suggested China, India, the Middle East, Africa and the Americas, both north and south. There was no doubt about which offered the worst opportunity. Australia.

“Australia is dead,” said Edgare Kerkwijk, the head of Singapore-based Asia Green Capital, to the general agreement of all.

Just how dead the market is has been highlighted by the fact that no new projects have gotten financial commitment since the election of the Abbott government in late 2013. In 2014, investment in large scale renewables plunged 88 per cent, taking Australia from 11th ranking to 39th.

A new report from Green Energy Markets, looking at the last quarter of 2014, notes that only one large scale project got new finance approval in 2014 – the 70MW Moree solar farm, and that was mostly due to the financing awarded by the Australian Renewable Energy Agency and the Clean Energy Finance Corporation.

(There was also around 10MW of larger scale solar, about the only construction that was committed and occurred under the RET itself).

The big problem, and one that could finally seal the exodus of many international players and financiers, is that Australia needs to commit to 5,000MW of new renewable projects over the next two years if it is to meet the current 41,000GWh target………http://reneweconomy.com.au/2015/dead-australian-renewables-market-faces-train-crash-93562