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RET continuity critical for attracting global investment into Australia

26/03/2013

ACCIONA is one of the world’s largest renewable energy Independent Power Producer’s, with energy assets in 16 countries around the world.

The Federal Government’s announcement that the Renewable Energy Target (RET) will remain unchanged means greater certainty for international investors, according to global renewable energy business ACCIONA.

ACCIONA is one of the world’s largest renewable energy Independent Power Producer’s, with energy assets in 16 countries around the world.

ACCIONA Energy Australia’s Managing Director Andrew Thomson endorsed the Federal Government’s announcement on the RET, saying it would drive additional investment in renewable energy infrastructure, delivering clean energy and jobs for Australians.

“SKM Modelling shows that since 2001, the RET has delivered $18.5 billion of investment in renewable energy infrastructure in Australia, with an additional $18.7 billion of investment expected by 2030,” Mr Thomson said.

“Investments in the energy sector are long term in nature, 20 to 30 years at least.  Bipartisan support for the Renewable Energy Target is critical for attracting global capital and expertise into Australia to deliver renewable energy infrastructure.”

“Minister for Climate Change and Energy Efficiency Greg Combet’s announcement today provides the industry with regulatory certainty and further confidence in Australia’s energy future.”

“The Renewable Energy Target will ultimately support Australia’s transition to a diverse and reliable energy mix and provide jobs and investment in our economy,” Mr Thomson said.

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