The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

AU Greens Want More Renewables, Less Coal

Yesterday, the Green Party in Australia unveiled a policy that would, among other initiatives, direct AU $5 billion to loan guarantees for large-scale renewable energy projects. The policy also included an enhanced target for renewables uptake, a grant program and a feed-in tariff all designed to help spur the country towards 100% renewable energy.

"Australia can harness our tremendous resources of the sun, wind, ocean, earth and human ingenuity to replace our reliance on coal with 100% renewable energy within decades," said Australian Greens Deputy Leader, Senator Christine Milne, when she unveiled the plan.

Milne stressed the necessity of a strong strategic plan to achieve the goal of getting the country off coal.  She explained how important loan guarantees are for renewable energy developers to build renewable energy projects for baseload power, “particularly in the context of the global financial crisis.”

According to the Greens website, the loan guarantee scheme would:

  • adopt the successful US Department of Energy model of providing 100% guarantee;
  • be open to emerging renewable energy technologies including baseload solar thermal with storage, geothermal, and ocean energy; and
  • be available for projects larger than 100MW at a single site.

The loan guarantees would be open for two years and be managed jointly by the Departments of Treasury and Finance; Resources, Tourism and Energy, and Climate Change and Energy Efficiency.

The party said that the loan guarantees would work in conjunction with a nation FIT, which they say will help give investors the certainty they require to go forward with renewables projects.  Details of the FIT they envision were not disclosed.

"After the delays and mismanagement of the Solar Flagships program, this scheme is essential to get industrial scale renewable energy power stations off the ground as soon as possible,” said Milne.

More on the The Greens Party Renewable Energy initiatives can be found here.

 

Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox

Subscribe to Renewable Energy World or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

RELATED ARTICLES

Solar water heating

California Regulators Propose Expansion of Eligibility Requirements for Solar Water Heating Program

Jennifer Delony The California Public Utilities Commission has proposed expanding the eligibility requirements for customers seeking ...
Solar

Florida Supreme Court Takes Up Solar Question

Wayne Barber Because Florida remains one of only four states where current laws expressly deny citizens and businesses the freedom...
solar net metering

Lithuanian Net Metering Hits Snag from Outset

Linas Jegelevicius The much anticipated net metering in Lithuania has hit a major snag from the very start – the introduced network oper...
Solar energy

Colorado PUC Orders No Changes to Solar Net Metering

Vince Font In what is being lauded as a “fair outcome” for consumers, utilities and the solar industry alike, the Colorado Publi...

PRESS RELEASES

Canadian Solar Wins Five Solar Power Projects Totaling 185 MW in Brazil

These power projects were won under a 20-year Power Purchase Agreement (PPA) with the B...

$100 Off of 5-day Advanced PV Project Experience. Download a Topic Schedule.

Assemble, ground, energize, and commission a complete grid-tied SolarEdge system from s...

Former Australian Prime Minister Kevin Rudd talks politics of fear vs. politics of hope

Rudd, who led the Australian parliament from 2007 to 2010, told the Summit audience tha...

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...

FEATURED BLOGS

Washington, DC Bridges the Solar Gap

The District of Columbia has enjoyed 15 years of strong economic growth. But prosperity is spread unevenly across the...

Sell Through Hypothesis

You first learned to hypothesize, or make educated guesses, in grade school science class. Now it’s time to ref...

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program from

FINANCIAL NEWS

Jennifer Runyon is chief editor of RenewableEnergyWorld.com and Renewable Energy World magazine, coordinating, writing and/or editing columns, features, news stories and blogs for the publications. She also serves as conference chair of Renewable ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Successfully Integrating Solar: A Proactive Approach

•      What does the increasing solar penetrati...

Solar Frontier Offsite Office at Solar Power International (2 mins....

Solar Frontier will be hosting an offsite meeting room offering our gues...

Presenting at PV Insider O&M Conference

Charles Pimentel, COO of Solar Frontier Americas will be presenting on t...

COMPANY BLOGS

Sell Through Hypothesis

You first learned to hypothesize, or make educated guesses, in grade sch...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal...

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program f...

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospe...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS