Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
A deal between the government and crossbench senators to cut the large-scale RET to 32,500GWh may actually work out better for the renewable energy industry than waiting out for a deal involving Labor. It offers greater upside and less risk of no deal at all.
SunEdison has now proved that the low power prices for large-scale solar power achieved in India and Brazil were no fluke, contracting to build 350MW in Chile. It will have all the competing technologies such as wind, gas and nuclear feeling decidedly uncomfortable.
The latest data from Green Energy Markets shows solar PV installations powering on at 75MW for November but with QLD in decline. Meanwhile large scale renewable generation market share has been steadily declining thanks to seasonal factors and little new capacity due to RET uncertainty.