News

Conergy welcomes Australian Government bill as sound investment in green jobs and technology

The Council of Australian Governments (COAG) yesterday endorsed the Federal Government’s renewable energy target (RET) which will potentially result in a $20 billion investment into the Australian renewable energy industry.

The RET will be set at 20 per cent renewable energy generation for Australia by 2020, meaning thousands of new jobs in the sector could be created almost immediately.

"We applaud COAG’s decision to endorse these measures, which will see Australia come out of the shadows in terms of renewable energy investment and has the potential to put Australia back in its rightful place as a world leader in the field", commented Rodger Meads, Managing Director of Conergy Pty Ltd.

"We have long been waiting for announcement like this which means we are finally able to look to the future of the Australian sector with certainty", Mr Meads continued.

The RET bill will be tabled in the coming weeks before Federal Parliament and is expected to be approved swiftly. This will unleash the renewable energy industry’s investment into Australia as a secure and long-term growth market.

Mr Meads commented: "Conergy has been pushing for political commitment to the renewable energy sector for some years now and we are happy that we now see these efforts rewarded. We are committed to Australia and see these measures as a vital signal to increase our investment in the Australian economy."

About Conergy
Since its founding in 1998, Hamburg-based Conergy AG has sold more than a gigawatt in renewable energy, making it one of the biggest suppliers of solar energy and other renewable energies, and a world leader in solar system integration. Of the one gigawatt in renewable energies, Conergy has installed more than 400 megawatts in its major projects, Of the total one gigawatt, 200 megawatts falls to its wind energy park projects and 800 to its globally marketed solar modules. Calculative one in ten modules worldwide was produced, sold or installed by Conergy. Listed on the Frankfurt Stock Exchange since 2005, the group pursues a global growth strategy, The company now produces, installs and designs solar power systems and wind turbines in around 15 countries. The Conergy Group is represented with its own branches on four continents.

Conergy Australia is a key player in the Australian renewable energy market, manufacturing and supplying high efficiency solar hot water, solar power and small wind power solutions. With an Australia-wide distribution network, state sales offices and warehousing in 4 key locations around the continent as well as in-house dedicated renewable energy engineers and sales teams, the company has become an important part of the Australian industry since it began operations here in 2005.

For further information: