Australian renewable energy firms look for international opportunities
Melbourne skyline, Australia (Source: Donaldytong/ commons wikimedia)
Alexander Richter
17 Kas 2014
Local news detail that due to the bleak future of renewable energy in Australia and a lack of government assistance, companies are considering moving to Germany among other countries.
Following the disappointing news coming from Australia, a local news website is reporting that due to the bleak future of renewable energy in the country and a lack of government assistance, companies are considering moving from Australia to other countries that provide better incentives and more attractive markets.
The news source details that “It comes as no surprise that Australian renewables companies would be tempted to leave Australia’s shores since there is a great deal of uncertainty around the country’s renewables goal (…) The Australian government has announced that it wants to slash the renewables 2020 target of 41,000GWh to 16,000GWh after it received a review from businessman and self-professed climate sceptic Dick Warburton.”
Germany seems to be one of the preferred destinations for renewable firms, mainly motivated by the generous government incentives and a much broader adoption and development of renewable energy.
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Source: Energerati
