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).
Wind turbine makers Vestas, Gamesa and Nordex have seen big rises in share prices on the back of healthy orders but offshore wind remains too expensive. Meanwhile Audi has unveiled a 500km range all electric SUV.
Government wants no less than 20 per cent of power from renewable energy by 2020, but it is extremely vague on what it will do, if anything, to achieve it. The cynic in me suggests their policy might be to just stare really crossly at the Abbott Government.
Origin's CEO King says if anything Renewable Energy Target will be increased in future and shows economics for new renewable energy projects are compelling. Could spooked investors be missing an opportunity?
EnergyAustralia's parent company has joined AGL in asking government to shut down power capacity. Why? Apparently it's because we can't fit in extra renewable energy, not to help them out. But new data suggest the overcapacity issue is solving itself.
The Environment Minister has ruled out changes to Renewable Energy Act in response to the Senate's wind turbine inquiry. But what will he do about wind power's mysterious effect in forcing the NSW regulator to increase gas prices?