25 May '15, 9am

Australia’s new Renewable Energy Target will ‘reduce large-scale solar potential by 80%’

John Grimes: 'It is very likely the RET target will be saturated with wind projects well before the point that solar out-competes wind in terms of economics'. Image: SunPower Australia’s reduced Renewable Energy Target (RET) of 33,000GWh could scale back large-scale solar potential in the country by 80%, according to a leading industry figure. John Grimes, chief executive of the Australian Solar Council, told PV Tech that under the new target there would be some large-scale solar projects, but only a fraction of what would have been delivered under the original 41,000GWh target to 2020. He said the larger, original target “provided a lot of headroom” for large-scale solar. Grimes added that because Australia has very good solar resources, as the cost of solar continues to fall, projects become increasingly price competitive with wind. Australian Solar Council modelling sho...

Full article: http://www.pv-tech.org/news/tax_deduction_in_australia_bu...

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