Abbott government extends renewable energy investment ban to solar power
by Shalailah Medhora from on (#E2FM)
Clean Energy Finance Corporation banned from investing in small-scale solar projects in move industry claims is 'revenge politics' that will strangle the sector
A directive banning the Clean Energy Finance Corporation (CEFC) from investing in existing wind technology will also apply to small-scale solar projects, a move that will effectively throttle the industry, the Australian Solar Council said.
The federal government on Sunday confirmed that the $10bn CEFC will no longer invest in wind power, instead focussing on "emerging technologies".
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