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Posted: 2024-07-21 19:17:35

In short:

A solar construction business says its investors are getting worried about renewable policy turbulence, and it's slowing down business.

One of their projects has been delayed indefinitely as its owners wait to see what happens politically.

What's next?

The government wants the Coalition to map out its renewables policy to provide more surety for investors.

Political turbulence around the renewable energy debate is making some clean energy investors nervous.

Despite reassurances from the federal government, the opposition's nuclear policy has sown some doubt over whether the renewable industry will continue to have Commonwealth policy support over the next several decades.

One Australian solar manufacturing business said it had already seen an impact.

Dr Methuen Morgan, head of solar farm installers Meralli Projects, said he had already seen an increase in hesitancy from investors.

"They're concerned about which way a potential future government is going to go," he told the ABC.

"It's slowing the business down, projects that were meant to be going ahead are being slowed down and there's a wait-and-see attitude being adopted by some."

A laughing man in a blue shirt.

Meralli Projects head Methuen Morgan previously sought to establish a regional challenger to the Nationals at a NSW state election.

He said it had already resulted in one of their projects being put on hold indefinitely.

"There's a project that's up to be invested in, a small solar project, and they're just literally wanting to see what the [parliament] does in this space."

At the National Press Club on Wednesday, Energy Minister Chris Bowen echoed those concerns.

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