RET Ambiguity, Falling Demand and Low Fuel Costs Dampen Power Project Spending in Australia

PERTH, AUSTRALIA--December 24, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--Several factors have led to a huge decrease in the number of new power project developments and investments in Australia during 2014, with the Renewable Energy Target (RET) review taking the biggest blame, followed by low electricity demand and economic factors. The haze surrounding the future of the Renewable Energy Industry still continues in Australia, with no final verdict being made by the Federal Government on the RET revisions. Within this article: Overview of power project developments in Australia.