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).
The government has now publicly confirmed a large-scale RET offer above the 30,000GWh range, with Greg Hunt saying he's optimistic of a deal with Labor soon that goes 'significantly further' than 20%. However, Ian Macfarlane is striking a very different tone.
As the LGC spot price grows and a compromise looms on the RET, might a few developers and financiers decide it's worth the risk to dive in and build some projects, even without a long term power purchase contract?
The week in clean energy saw the investment bank trump its peers with 10-year spending goal while interconnection capacity doubled between France and Spain, a major step in the EU's cross-border power goal.
It seems evident that the market is taking the view that the position of the two major political parties on the large-scale Renewable Energy Target is getting closer, and that prospects for a resolution are improving.
Tony Abbott was out again hoping repeated exaggeration would overwhelm economic reality. It's funny until you realise it acts to endorse the big power retailers' suggestions they won't comply with their obligations under a Labor deal on the RET.