The findings of the initial review of the Mandatory Renewable Energy Target (MRET) were released in January. The review recommended that MRET continue, and that the scheme be extended beyond 2010 towards a target of 20 000 GWh by 2020 to provide ongoing certainty for industry and project developers.

For PV, the review recommended 100 kW be adopted as the maximum size for ‘Small Generation Units’ (SGUs), a significant increase from the present 10 kW. SGUs can create ‘deemed’ renewable energy certificates up-front based on assumed annual generation. The panel also recommended the deeming period increase from 5 to 15 years. As deemed RECs can be sold to an agent, this would effectively create a ‘buy-down’ of around 800 AUD (550 USD) per kW.

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