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 Clean Energy Council has blinked, conceding to a reduction in the large-scale RET to 33,500GWh. With Ian Macfarlane refusing to budge and Labor holding out too, have they just given ground for no pay-off? Don't give up hope just yet.
A new paper suggesting better-than-expected cost declines for batteries is welcome, but obsession with the $/kWh figure risks sidelining all the other factors that make up a purchase in the home energy storage sphere.
Greg Hunt might like to celebrate Australia having curtailed CO2 growth relative to where error-riddled forecasts thought we would be. But on an emissions per person basis, Australia has some serious explaining to do.
The week in clean energy was dominated by China, with its PV manufacturers risking the wrath of Europe import laws, Beijing setting a 17.8GW PV target for 2015 and a 300,000 EV target for 2020 while also applying 'obligatory purchase' to grid renewables.
While Macfarlane says 32,000GWh is locked in stone, Hunt disowns the number leaving himself wriggle-room to negotiate. Yet his inaccurate verballing of the Climate Change Authority reveals a deal will be difficult to achieve.
The Industry Minister has upped his original offer of 31,000GWh for the large-scale RET, but the magic behind why 32,000GWh is the right number isn’t explained. Is this Coalition strategy, or just a shambles?
BHP, Rio and Rinehart's company are expanding iron ore production investing billions to supply an already oversupplied market. By Industry Minister Ian Macfarlane's own economic logic on the electricity market and renewable energy, they must be crazy because no one will buy their extra output. Or perhaps it's the Minister who's crazy?
The week in clean energy saw encouraging solar statistics out of the US, a state-owned Chinese wind developer offer equity stakes, and Abengoa reach financial close on a 100MW South African solar thermal plant.