{"id":3562,"date":"2014-04-14T13:51:56","date_gmt":"2014-04-14T03:21:56","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=3562"},"modified":"2017-10-25T10:04:53","modified_gmt":"2017-10-24T23:34:53","slug":"uncertainty-australian-solar-policy-rears-ugly-head","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/","title":{"rendered":"Uncertainty in Australian solar policy rears its ugly head"},"content":{"rendered":"
\"depressed<\/a>

CEO of First Solar reacts to Abbott’s latest speech on energy policy<\/p><\/div>\n

One recurring, if unfortunate, theme of these pages has been the constant spectre of uncertainty in Australian solar policy. We’ve ranted before about why Australia should be led by more forward thinking pollies in both Canberra and the state capitals but bugger it, when you’re onto a good thing, why not continue?<\/p>\n

So here goes, Rant #234 about the paucity of Australian solar policy leadership…<\/p>\n

This week your eagle-eyed correspondent noticed a key news item on the ABC<\/a> which would appear to reinforce the same old, “boom and bust” solar policy which has so haunted the solar sector over the years.<\/p>\n

This was the announcement that gun solar company First Solar is re-assessing its investments now that there is uncertainty (that nasty word) over the government’s Renewable Energy Target.\u00a0You’ll no doubt recall the feds’ propensity to stack the review commission on the RET with those gentle folk who have expressed doubt over the human-induced aspect of climate change in the past.<\/p>\n

As Sir Humphrey of Yes Minister fame told the Minister:<\/p>\n

“Never set up a review commission unless you know what its findings will be”.<\/p><\/blockquote>\n

But back to First Solar’s reaction.<\/p>\n

“We really need to look at what does the next five years look like from a broader policy backdrop perspective and what comes after these projects and whether the investment should continue to be made,” First Solar’s Jack Curtis was quoted as saying by the ABC.<\/p><\/blockquote>\n

This all sounds familiar doesn’t it readers? The light speed-like changeability of decisions made on renewable energy. Policy switchbacks, backflips and broken promises made faster than newly-elected ministers in a bunch sprint to the public feeding trough. Is this too harsh? Or a fair assessment?<\/p>\n

Like any punter, big solar investors such as First Solar need to have an idea of future returns before they reach into their pockets. You may recall that First Solar has already put funds up to build a $450 million solar power plant in western New South Wales. This is more than significant as it is enough to power 50,000 homes.<\/p>\n

So what could be more off-putting for a potentially huge investor like First Solar? To have a government playing games with such an important Australian solar policy instrument such as the RET is critical for the crunch decision to put their money on the fridge.<\/p>\n

Now there is a school of thought which would say this changeability and uncertainty may well be designed to service a certain energy sector of the economy. That a continual cycle of boom and bust will eventually scare off solar (and other renewable energy) investors to the benefit of the fossil fuel mining magnates.<\/p>\n

Does this conspiracy theory have legs? And if it does, perhaps we should re-introduce another of our recurring themes: that of cutting the umbilical cord that joins the solar sector with our excuse for an Australian solar policy.<\/p>\n

To be fair there is also the other side of the coin which argues that big investors such as First Solar are more than happy to make huge profits out of Australian solar policy as long as someone else (read the taxpayer) takes on the risk. The argument continues that without government guarantees (including a RET), real investors in renewable energy — those willing to assume proper risk — will emerge rather than those happy to accept taxpayers’ hard-earned dosh.<\/p>\n

Which school of thought do you agree with readers? Is it the quality of investor we’re after, those willing to really risk a punt in the future of Australian solar policy? Huge call out for opinions, ideas and thoughts on this. Pop your comments either here or over at our Facebook<\/a>, Google Plus<\/a> or Twitter <\/a>Pages.<\/p>\n","protected":false},"excerpt":{"rendered":"

One recurring, if unfortunate, theme of these pages has been the constant spectre of uncertainty in Australian solar policy. We’ve ranted before about why Australia should be led by more forward thinking pollies in both Canberra and the state capitals but bugger it, when you’re onto a good thing, why not continue? So here goes, […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","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":[54],"tags":[36,444,397],"class_list":["post-3562","post","type-post","status-publish","format-standard","hentry","category-solar-policy","tag-australia","tag-first-solar","tag-politics","entry"],"acf":[],"yoast_head":"\nUncertainty in Australian solar policy rears its ugly head - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"One recurring theme of these pages has been the constant spectre of uncertainty in Australian solar policy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uncertainty in Australian solar policy rears its ugly head\" \/>\n<meta property=\"og:description\" content=\"One recurring theme of these pages has been the constant spectre of uncertainty in Australian solar policy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-14T03:21:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-24T23:34:53+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/04\/reaction-abbott.jpg\" \/>\n<meta name=\"author\" content=\"Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\"},\"author\":{\"name\":\"Staff Writer\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/cdfada92425341cb1b48bf0bcfa1feb7\"},\"headline\":\"Uncertainty in Australian solar policy rears its ugly head\",\"datePublished\":\"2014-04-14T03:21:56+00:00\",\"dateModified\":\"2017-10-24T23:34:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\"},\"wordCount\":651,\"commentCount\":12,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/04\/reaction-abbott.jpg\",\"keywords\":[\"australia\",\"first solar\",\"politics\"],\"articleSection\":[\"Solar Policy\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/uncertainty-australian-solar-policy-rears-ugly-head\/\",\"name\":\"Uncertainty in Australian solar policy rears its ugly head - 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Turnbull has\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"malcolm 3.0","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/07\/malcolm3.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/07\/malcolm3.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/07\/malcolm3.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":2805,"url":"https:\/\/www.solarquotes.com.au\/blog\/taking-politics-solar-power-policy\/","url_meta":{"origin":3562,"position":2},"title":"Taking the politics out of solar power policy","author":"Staff Writer","date":"September 2, 2013","format":false,"excerpt":"At the end of a depressing week for renewables, talk over the SQHQ water cooler has been centred along the lines of: is it time to keep pollies out of solar power policy? First we had the shrill and frankly rather desperate tactic of Kevin \u201cThe Queensland Kid\u201d Rudd bucketing\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"Renewable energy is too important to be trusted to pollies.","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/08\/pollies-solar.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/08\/pollies-solar.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/08\/pollies-solar.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":2735,"url":"https:\/\/www.solarquotes.com.au\/blog\/people-power-to-force-solar-electricity-policy-in-oz\/","url_meta":{"origin":3562,"position":3},"title":"Solar policy being forced by people power?","author":"Staff Writer","date":"July 31, 2013","format":false,"excerpt":"As solar policy gets pushed around from pillar to post in Canberra and the state capitals, it\u2019s good to know the real decision makers \u2014 the Australian people \u2014 support the concept in a big way. This week saw the release of a CSIRO study \u2014 funded by the Australian\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"people cheering for solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/07\/people-power-renewables.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/07\/people-power-renewables.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/07\/people-power-renewables.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":16480,"url":"https:\/\/www.solarquotes.com.au\/blog\/sterling-wilson-solar-australia-mb0290\/","url_meta":{"origin":3562,"position":4},"title":"Sterling And Wilson Sets 500MW Australian Solar Goal","author":"Michael Bloch","date":"November 7, 2017","format":false,"excerpt":"Sterling and Wilson is moving beyond supplying diesel generators and cogeneration energy solutions in Australia - it has set its sights on scoring 500MW of large scale solar EPC contracts here in the next three years. Headquartered in Mumbai, India, the company has built a large solar EPC (Engineering, Procurement\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":"Sterling and Wilson - Solar Power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/sterling-wilson-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/sterling-wilson-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/sterling-wilson-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/sterling-wilson-solar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":12258,"url":"https:\/\/www.solarquotes.com.au\/blog\/canberra-energy-price-increase-mb0072\/","url_meta":{"origin":3562,"position":5},"title":"Massive Energy Price Hike In The ACT – Rest Of Australia To Follow?","author":"Michael Bloch","date":"June 8, 2017","format":false,"excerpt":"Uncertainty surrounding national energy policy has been blamed for a huge energy price hike in the ACT. This isn't just bad news for those in Canberra - it's perhaps a sign of things to come elsewhere in Australia. The ACT Independent Competition and Regulatory Commission yesterday released its final report\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":"Beat electricity price rises with solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/electricity-gas-price-rise.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/electricity-gas-price-rise.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/electricity-gas-price-rise.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/electricity-gas-price-rise.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3562","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=3562"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3562\/revisions"}],"predecessor-version":[{"id":3567,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3562\/revisions\/3567"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=3562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=3562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=3562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}