GoSolr CEO budget speech commentary | Treasury must balance incentives for mass grid investment versus supporting decentralised energy
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By: Andrew Middleton - CEO of GoSolr
"We were hoping to see a little bit more from this budget in terms of renewable incentives – nothing was added or enhanced.
We are disappointed as we believe more could be done from the fiscus to encourage investments into renewable energy and linked industries. As an example, there was no change to electric vehicle import duties, which was a big disappointment. There was, however, an incentive for the manufacturing of electric vehicles, which is good, but this will take some time to bear fruit. We believe there were some structural things that could have been changed with regard to opening up and stimulating the electric vehicle market.
We welcome the drive for investment into the grid. Initiatives like the Credit Guarantee Vehicle are very important. But at this stage, there is a massive backlog on grid infrastructure, and it will come down to execution. So, it’s nice to see more incentive there and government support, but unfortunately, the track record doesn’t necessarily support that things will change significantly in that respect.
We are, however, in a decentralised solar environment, where we can generate power without the need for the grid. Therefore, if the Treasury can balance the incentives for mass grid investment versus supporting decentralised solar energy, that would reduce the investment needed and ease bottlenecks, as we could decrease grid reliance by encouraging rooftop solar.
Overall, some positives, but we would like to see more incentives for renewable energy – solar, wind, and electric vehicles.”
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