Today the NSW Premier announced an effective of cancelling the NSW solar energy market. http://www.premier.nsw.gov.au/sites/default/files/101027-Solar-Bonus-Scheme_0.pdf
It reduced the solar Feed-in-Tariff from $0.60 to $0.20. This decision has probably cost up to 5,000 jobs and up to $4 billion in investment in NSW. I work with various community housing groups and we have cancelled over $100 million in new affordable housing projects which was to be financed through an innovative funding model. Of course, I am bias I as I am directly effected but no where else in the world has changed their renewable energy policy so dramatically. In Europe, most governments have reduced the prices from the Feed-in- tariff as the price of solar equipment has reduced. Small NSW companies will reduce their employees while larger companies will simply focus upon ACT, SA and Qld or overseas. According to the Premier, NSW would have installed 1,000MW (1GW) by 2016 if the program continued to the current rate. That would have generated over 1,400GWh per annum compared to current Australian electricity production of 239,900GWh. It would probably have saved up to $1 Billion is network upgrades and combined with energy efficiency might even have reduced the need to create a new coal-fired electricity generator. Richard Hayes Carbon Free Solutions -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
