Australia, 21 March 2013: GE welcomes the Australian Government's commitment to stabilise the bipartisan 2020 Renewable Energy Target (RET).
GE Renewables Asia-Pacific Leader, Peter Cowling, said the Government's commitment to implement the Climate Change Authority's findings - including the 41,000GWh 2020 Large-scale RET as passed by both Houses before the last election - would provide investment certainty and drive downward pressure on wholesale electricity prices.