Renewable energy is on the cusp of a long-awaited boom on a doubling in certificate prices.
The Turnbull government’s support for the goal of getting about 23.5 per cent of Australia’s electricity from renewable sources by 2020 has sparked a rise in the prices of renewable energy certificates and fresh M&A talk across the sector.
Infigen Energy managing director Miles George says that after a “two-year drought” in investment in the sector, interest has surged over the last six months thanks to the changed government rhetoric on the sector under Prime Minister Malcolm Turnbull, which has built confidence around the revised 2020 target for renewables.
The revised target of 33,000 gigawatt-hours of renewable energy supply by 2020 was cut from 41 GWh after the lengthy review that concluded last June.
Together with Infigen’s improved balance sheet after the $US274 million ($383 million) sale of its US business, the changes have sparked…
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