An updated Renewable Energy Target (RET) scheme is expected to deliver more renewable energy than the original 20 per cent target and increase energy investment, according to the federal government and renewable energy industry. Minister for Climate Change and Water, Senator the Hon. Penny Wong announced the RET will be split into the Small-scale Renewable Energy Scheme (SRES) and the Large-scale Renewable Energy Target (LRET) from 1 January, 2011.
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