March 18, 2013--ACORE and member law firm Baker & McKenzie co-hosted a delegation last week to explore the financial and political climate related to renewable energy deployment in Australia and areas of cooperation with the United States.
With the support of Austrade, the delegation went to Sydney and Melbourne, and met with over 50 key stakeholders from Australia’s regulatory, financial and civil society sectors, including the Honorable Martin Ferguson AM MP, Minister for Resources and Energy and Minister for Tourism and Kelvin Thomson, MP, Parliamentary Secretary for Trade. Delegates included executives from Denham Capital; Deutsche Bank; First Solar; IBM; Lockheed Martin; S&C Company; Recurrent; Sungevity; SolarReserve; Sunpower; and Skadden Arps.
“We applaud the strong commitment Australia has made to renewable energy,” stated Tom Weirich, delegation lead and Vice President of Corporate Relations, ACORE. “Of special significance to the delegation were the roles played by the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC), demonstrating strong policy support for the industry, and providing vital financial platforms that will ensure significant direct investment from the United States and abroad. Through their leadership, Australia will see the rapid commercialization, effectiveness, and sustainability of renewable energy deployment in Australia, making the country’s 20% RET realistic and attainable.”