Infigen, Guohua at Risk as Australia Reconsiders Cleaner Energy
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Infigen Energy and Guohua Energy Investment Co. are among companies with Australian investments at risk as the government reconsiders its renewable-energy target, according to Bloomberg New Energy Finance.
Scrapping the policy by closing the program to new entrants would probably destroy the value of renewable-energy certificates traded by companies, according to a BNEF report this week. That would lead to significant writedowns in the value of investments and potential bankruptcies, Kobad Bhavnagri, a Sydney-based analyst at BNEF, wrote in the report.