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Solar panels
The Defense Production Act will be used to create a new domestic solar panel manufacturing industry, while temporary measures will allow imports from Southeast Asia.
To be precise, it’s more the tax relief that accompanies the government’s ‘energy profits levy’ that encourages more oil and gas production rather than clean energy investment.
It’s hoped new PM Anthony Albanese’s Labor government will usher in the investment certainty long missing in the Australian renewables market.
The Australian government’s willingness to undercut the Chinese-owned asset by funding upgraded port facilities nearby shows a lack of joined-up thinking.
The reversal of a landmark policy by the US energy regulator is a missed opportunity for gas as a transition fuel.
Scottish Widows said it would consider debt financing as RAB funding model underpins the prospective 3.2GW Sizewell C.
Australia threaten
A Grattan Institute report argues that Australian federal governments must do better when allocating funds for transport infrastructure projects, with too much currently allocated to small schemes in marginal seats.
The National Highways Authority of India’s own infrastructure investment trust is now required to bid alongside other InvITs and funds for all road projects put forward by the authority.
The Biden administration brought in $4.37bn with its first offshore wind land lease auction on 23 February.
The success or failure of Brookfield’s bid to buy an energy generator with the explicit aim of closing its coal assets could have ramifications for the speed of the global energy transition.
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