Recurrent Energy, one of the largest solar power plant developers from the US, has recently announced the closure of its Australian office, citing uncertainty over the Renewable Energy Target (RET) as a major factor in their decision. ‘Recurrent is slowing down their investment in the Australian market pending the outcome of RET and will manage it from [the] USA’ said Colin Liebmann, Recurrent Energy project development manager in Australia. Only recently Recurrent Energy announced that it had a number of large-scale solar PV projects in the pipeline for Oz, worth $3b in potential investments