Legislation for the new RET — reduced earlier this week from 41TWh of annual power generation to 33TWh, following a review initiated by the ruling Liberal coalition more than a year ago — will likely pass through both houses of the Australian Parliament within a matter of weeks.
But solar and wind developers will probably not start signing PPAs en masse until energy retailers begin offering agreements with sufficiently attractive pricing conditions, Leonard Quong — a Sydney-based analyst for Bloomberg New Energy Finance (BNEF) — tells Recharge.
And
