Solar industry sees first projects put on ice as nuclear proposal sows doubt among investors

  • 📰 abcnews
  • ⏱ Reading Time:
  • 48 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 83%

Renewables News

Solar,Investment,Nuclear Policy

At least one solar project has been put on hold indefinitely, as some energy investors grow nervous over whether renewables will still be supported under the Coalition's nuclear proposal.

A solar construction business says its investors are getting worried about renewable policy turbulence, and it's slowing down business.The government wants the Coalition to map out its renewables policy to provide more surety for investors.

Meralli Projects head Methuen Morgan previously sought to establish a regional challenger to the Nationals at a NSW state election."There's a project that's up to be invested in, a small solar project, and they're just literally wanting to see what the does in this space."Poor engagement and consultation has led to "material distrust" of renewable energy developers in regional communities, according to a much-anticipated review.

The Coalition had not released their policy on renewables ahead of the next election, though they have said renewables outside of nuclear would still have some part to play in their plans for Australia's energy mix. IGCC has more than 100 domestic and international investors including superannuation funds and advisory groups.

'Teething issues' following CrowdStrike outage could take 'one or two weeks' to resolve, Clare O'Neil says

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines