The renewable energy industry’s peak body has congratulated Clive Palmer for his strong support of Australia’s Renewable Energy Target today.

Clean Energy Council Deputy Chief Executive Kane Thornton said the announcement that the Palmer United Party would support the Renewable Energy Target in the Senate was “a Titanic boost for the clean energy industry”.

“Clive Palmer obviously recognises the importance of renewable energy to Australia. The benefits of renewable energy were most recently demonstrated by analysts ACIL Allen earlier in the week, in modelling which put to bed several common criticisms of the policy,” Mr Thornton said.

“The ACIL Allen study shows that the Renewable Energy Target can be met and would make power prices lower for consumers over the long term. This is because removing it means Australians would need to get more of their electricity from gas-fired power, which is projected to triple in cost this decade.”

Mr Thornton said the industry stood ready to deliver tens of billions of dollars in investment and tens of thousands of jobs under the Renewable Energy Target, much of which will flow into regional areas.

“What we need is policy stability to unlock these benefits, and the best outcome for the industry is if the policy is left alone to continue working,” he said.

“The Renewable Energy Target has been well complemented by the Australian Renewable Energy Agency (ARENA), which plays an important role in kick-starting the next generation of clean energy technologies. Given this complementary role played by ARENA we would also encourage him to support this important body.”

Please contact Clean Energy Council Media Manager Mark Bretherton on 0413 556 981 for more information or to arrange an interview.