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RENEWABLE INVESTMENT BOOM IS OVER

November 29, 2019

The latest Clean Energy Council survey of renewable energy executives shows deteriorating confidence in the renewable investment outlook, with the lowest level of confidence recorded since the survey began.
 
This is the latest evidence the renewable energy industry is suffering from the lack of national energy policy under the Morrison Government, with investment collapsing 60 per cent this year alone.
 
The CEO of the Clean Energy Council stated:
 
“The industry has been plagued by policy and political uncertainty at the federal level for several years and we are now starting to see the impact of this.
 
“As we have consistently said, without strategic and holistic reform of the Australian energy market, we are going to continue to see confidence in new clean energy investment continue to fall. This loss of confidence has already translated into a slow-down in investment – in 2019, we have seen an alarming 60 per cent reduction in investment in new clean energy projects from 2018 levels.”
 
The Liberal Government is currently on its 18th energy policy, its energy crisis continues, and wholesale electricity prices have risen by 20 per cent since Scott Morrison became Prime Minister.

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