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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

August 5, 2025
NextEnergy Capital (NEC), through NextPower V ESG, has acquired a 73MW agriPV portfolio in Campania, Italy.
August 5, 2025
China’s leading polysilicon firms are reportedly considering shutting down one third of the country’s polysilicon capacity and restructuring the sector, following years of overcapacity and tumbling prices.
August 5, 2025
Utility AES Andes has started construction on two renewable energy projects in Chile, with a combined 1.3GW of capacity.
Premium
August 5, 2025
Although residential solar in the US has lost its main tax credit, there is still hope that its popularity and economics could win the day.
August 5, 2025
Sonnedix and Prosolia have acquired projects, while Iberdrola has signed a 34MW PPA with Burger King covering 109MW total.
August 5, 2025
Despite trade policy uncertainty, the price of solar modules in the US has remained fairly stable in the past three months, according to solar and storage supply chain platform Anza.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK