{"id":17576,"date":"2017-12-13T10:28:54","date_gmt":"2017-12-12T23:58:54","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=17576"},"modified":"2017-12-13T10:28:54","modified_gmt":"2017-12-12T23:58:54","slug":"adani-loan-veto-mb0363","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/adani-loan-veto-mb0363\/","title":{"rendered":"PM Turnbull Receives Dear Malcolm Letter Re: Adani Coal Loan"},"content":{"rendered":"
\"Adani

Image : Premier Annastacia Palaszczuk<\/p><\/div>\n

Queensland Premier Annastacia Palaszczuk has made good on an election promise to veto a $1 billion concessional loan to Adani for the Northern Galilee Basin Rail Project, part of its Carmichael mine project.<\/p>\n

As one of her first acts after being sworn in as Premier yesterday, Ms. Palaszczuk wrote to Prime Minister Malcolm Turnbull, exercising Queensland\u2019s veto over any NAIF funding for the Adani rail line.<\/p>\n

The letter reads in part:<\/p>\n

“”Following today’s swearing in of my new Government and in accordance with Section 13(4) of the Northern Australia Infrastructure Investment Facility Mandate Direction 2016 (https:\/\/www.legislation.gov.au\/Details\/F2016L00654<\/a>), my Government provides formal notification to the Commonwealth that financial assistance should not be provided to Adani for the Northern Galilee Basin Rail Project. As such the Government is exercising its veto right under section 13(4) of the Investment Facility Mandate in response to the Adani loan application.”<\/p><\/blockquote>\n

The full contents of the letter can be viewed here<\/a>.<\/p>\n

Section 13(4) of the Mandate states:<\/p>\n

“The Facility must not make an Investment Decision if at any time the relevant jurisdiction provides written notification that financial assistance should not be provided to a Project.”<\/p><\/blockquote>\n

.. in other words, without Queensland’s support the loan cannot go ahead.<\/p>\n

Adani appears to be finding it very difficult to scrape together the necessary financial support for its Queensland coal project. Australian banks have backed (fled?) away from it and last week we reported former foreign minister Bob Carr said Adani won\u2019t have any luck sourcing financing from China<\/a>.<\/p>\n

Adani’s troubles don’t end there. Last week it found itself again in the spotlight after a complaint was referred to the ACCC regarding the number of jobs<\/a> that have been claimed will be generated from the Carmichael mine and associated activities.<\/p>\n

Lots Of Solar Love In Queensland<\/h2>\n

While the skies may be darkening for Adani’s Australian coal aspirations, there’s plenty of sunshine for solar in Queensland.<\/p>\n

On Monday, Windlab announced<\/a> the first sod of soil was turned at the site of Kennedy Energy Park; a $160 million project situated near Hughenden in North West Queensland.. Kennedy Energy Park<\/a> will consist of 43.2MW wind and 15MW AC of solar power capacity, plus 4MWh of lithium-ion battery storage to be supplied by Tesla.<\/p>\n

Yesterday, Genex Power announced<\/a> the selection of UGL as preferred engineering procurement and construction (EPC) contractor for its 270MW Kidston Stage 2 Solar project in North Queensland. Stage 2 will be integrated and co-located with the Kidston Pumped Storage Hydro Project (250MW). Kidston Stage 1<\/a> (50MW) began delivering electricity<\/a> to the grid early this month.<\/p>\n

According to a recent Green Markets’ Renewable Energy Index report, Queensland had 1,876MW of large-scale solar energy facilities under construction in October.<\/p>\n","protected":false},"excerpt":{"rendered":"

Queensland Premier Annastacia Palaszczuk has made good on an election promise to veto a $1 billion concessional loan to Adani for the Northern Galilee Basin Rail Project, part of its Carmichael mine project.<\/p>\n","protected":false},"author":17,"featured_media":17578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-17576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nPM Turnbull Receives Dear Malcolm Letter Re: Adani Coal Loan<\/title>\n<meta name=\"description\" content=\"Queensland Premier 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In announcing its stance on coal, the company said it realised it had important role to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"National Australia Bank - Renewables vs. coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":65918,"url":"https:\/\/www.solarquotes.com.au\/blog\/queensland-energy-jobs-mb2655\/","url_meta":{"origin":17576,"position":2},"title":"Queensland Pumping Up Renewable Energy Goals","author":"Michael Bloch","date":"September 29, 2022","format":false,"excerpt":"Queensland Premier Annastacia Palaszczuk was pretty pumped about a \"bold clean energy future\" for Queensland yesterday - particularly concerning the role pumped hydro will play. Announcing the $62 billion Queensland Energy and Jobs Plan, Premier Palaszczuk said it would mean cheaper, cleaner and secure energy for Queenslanders. So, What's In\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Annastacia Palaszczuk - Queensland Energy and Jobs Plan","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/palaszczuk-energy-jobs.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/palaszczuk-energy-jobs.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/palaszczuk-energy-jobs.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/palaszczuk-energy-jobs.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/palaszczuk-energy-jobs.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":31129,"url":"https:\/\/www.solarquotes.com.au\/blog\/fracking-nuclear-adani-mb1095\/","url_meta":{"origin":17576,"position":3},"title":"Coal, Gas, Nuclear – What A Fracked Up Week In Australia","author":"Michael Bloch","date":"June 14, 2019","format":false,"excerpt":"Adani's coal mine another step closer, fracking to kick off in the NT (WA soon too?) and our energy minister hasn't shut the door on nuclear power. Thank <insert choice of deity here> it's Friday. Fossil fuel advocates will be punching the air and high-fiving each other with some recent\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal, gas and nuclear power in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/coal-fracking-nuclear.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/coal-fracking-nuclear.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/coal-fracking-nuclear.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/coal-fracking-nuclear.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/coal-fracking-nuclear.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":68053,"url":"https:\/\/www.solarquotes.com.au\/blog\/macfarlane-palaszczuk-coal-mb2728\/","url_meta":{"origin":17576,"position":4},"title":"Coal Booster Ian Off Anna’s Xmas List","author":"Michael Bloch","date":"November 25, 2022","format":false,"excerpt":"Annastacia Palaszczuk is keeping a list of who's naughty or nice, and Queensland Resources Council's Ian Macfarlane can expect a lump of coal in his stocking. He'd be completely fine with that. Queensland Premier Annastacia Palaszczuk needs no introduction, but.... Who Is Ian Macfarlane? The name may ring a bell.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Ian Macfarlane - Coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/macfarlane-palaszczuk-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/macfarlane-palaszczuk-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/macfarlane-palaszczuk-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/macfarlane-palaszczuk-coal.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/macfarlane-palaszczuk-coal.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":69385,"url":"https:\/\/www.solarquotes.com.au\/blog\/queensland-microgrid-fund-mb2773\/","url_meta":{"origin":17576,"position":5},"title":"Queensland Microgrid Pilot Fund: Applications Open","author":"Michael Bloch","date":"December 30, 2022","format":false,"excerpt":"First Nations and storm-prone regional communities in Queensland can now apply for a helping hand to boost their energy independence and resilience through the Palaszczuk Government's microgrid pilot fund. Part of the $62 billion Queensland Energy and Jobs Plan announced by Premier Annastacia Palaszczuk back in late September, there's $10\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Queensland Microgrid Pilot Fund","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/queensland-microgrid-fund.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/queensland-microgrid-fund.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/queensland-microgrid-fund.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/queensland-microgrid-fund.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/queensland-microgrid-fund.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=17576"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17576\/revisions"}],"predecessor-version":[{"id":17583,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17576\/revisions\/17583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/17578"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=17576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=17576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=17576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}