BMI View: We have maintained our short-term forecasts for the Australian non-hydropower renewable energy sector this quarter as our key political and regulatory assumptions remain relevant. However, we are revising down our medium- to long-term forecasts as we believe the new administration could implement a number of changes that are negative to the renewable energy sector after 2013. We also believe that Australia appears increasingly unlikely to meet its emissions reductions target. We have maintained our 2013 growth forecasts for non-hydropower renewable generation this quarter, and are forecasting generation growth of 14.9% for the year. This is because our assumptions …
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