Downer to quit solar construction

ENGINEERING contractor Downer announced yesterday it would pull out of building solar farms in Australia due to lack of investor confidence, with CEO Grant Fenn describing the decision as “disappointing but inevitable”.

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Blames lack of investment, policy and poor transmission

 
Fenn made the announcement amid an underwhelming half year result, noting the dearth of new investment and the mounting regulatory risks due to an underinvestment in transmission policy.