Labor backs away from Australia RET deal over two-yearly reviews

Facebook
Twitter
LinkedIn
Reddit
Email

Australia’s Labor Party will not support a deal on the Renewable Energy Target (RET) over its biennial reviews and the inclusion of wood waste from native forests, despite Coalition announcements that a deal had been reached.

PV Tech reported yesterday that minister for industry and science Ian Macfarlane had announced that the country’s two main parties had reached an agreement to reduce the RET target to 33,000GWh, but according to local reports, opposition environment minister Mark Butler told reporters the inclusion of a two-yearly review would hinder investment in the industry and cause uncertainty.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Butler told reporters: “Unless the government drops that, this deal cannot proceed.

“I thought we had a position of agreement based on the 33,000GWh large-scale target. What the government should do is drop this silliness of re-arguing the case on the reviews, which were dropped months before.”

John Grimes, chief executive of the Australian Solar Council, said the Council fully backs Labor’s position on the reviews and the inclusion of wood waste in the target.

The RET has been reviewed three times in three years and the Coalition government is now pressing for a further review to start in seven months time.

Grimes said another review would “devastate” Australia’s solar industry.

After the recent Coalition announcement that a deal had been reached, Clean Energy Council chief executive Kane Thornton expressed “serious concern” about the retaining of the biennial review, which he claimed the industry had been given repeated assurances would be removed.

However, Labor's backing away from the RET deal is also likely to continue investor uncerntainty for the renewables industry. Thornton said the RET review, which has already lasted for 14 months, caused this uncertainty and hundreds of jobs to be lost.

Read Next

October 30, 2026
SEG Solar has signed a land agreement for a planned US$950 million heterojunction (HJT) solar cell manufacturing facility at its Tomball Industrial Campus near Houston, Texas.
October 30, 2026
UAE developer Masdar has signed an agreement with Invest New Zealand to explore up to NZ$1 billion (US$585 million) of solar, wind and battery storage investment in New Zealand.
October 30, 2026
Australia's energy minister has asked the AEMC to make data centres contract firmed energy & to ease connection alongside solar & storage.
Premium
October 29, 2026
Solargis' Pablo Caballero discusses how asset owners and operators should respond to extreme weather events following summer 2026.
October 29, 2026
Nextpower has reported net income of US$165 million and revenue of over US$1.1 billion in its results for the quarter ending 2 October.
October 29, 2026
First Solar has inaugurated the first 1.7GW phase of its US$330 million manufacturing facility in Gaffney, Cherokee County, South Carolina.

Upcoming Events

Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye