The clean energy sector is entering a phase of dramatic change in which business models are being transformed against a backdrop of regulatory uncertainty, as the industry emerges from a challenging period caused by the global economic downtown. Technologies and business structures that were once abandoned, are now being revived in several key sectors.
Australian Prime Minister Kevin Rudd announced plans to buid a 1GW solar power plant in Australia, which would make it the largest solar-electricity plant in the world surpassing the current record holder in California. Details about the project will be released soon and successful bidders will be named in the first half of 2010. The project is expected to cost A$1.4 billion (US$1.05 billion) and will represent a major investment in solar power, which the Prime Minister hopes will help propel the country into a leadership role in solar energy. This is a big step, but only one of many towards Australia’s stated goal of obtaining 20 percent of its electricity from renewable sources by 2020.