Chinese solar firm says policy instability holding back Australian investment

Hareon Solar executive says firm is considering a billion dollar investment in large scale solar within a year but policy stability, not subsidies, is needed

Chinese firm Hareon Solar is "actively" considering a billion dollar investment in large scale solar projects in Australia, but the stability of government climate policy is its major concern, a senior company executive has told Guardian Australia.

Jie Zhang, Hareon's vice president of global business development said government subsidies were not necessary for the investment decision, to be taken within a year, but policy stability was required.