GOVERNMENT DIRECTIVE AGAINST WIND AND SOLAR INVESTMENTS SURPRISES INDUSTRY AND CROSSBENCHERS

摘要

Crossbench senators who negotiated the Renewable Energy Target (RET) did not know the Abbott Government would stop all new investment in wind power through the Clean Energy Finance Corporation (CEFC), but understood the mix would change in favour of large-scale solar. The government has been accused of putting international investment at risk after Treasurer Joe Hockey and Finance Minister Mathias Cormann wrote to the CEFC calling for a complete halt to any financial backing for wind farm projects.