Australia has become one of the most sought after renewable energy destinations for global investors but it is being held back by a lack of long-term contracts.

An Ernst & Young (EY) report shows Australia’s global ranking as a desirable country to invest in renewables projects jumped three places to number 10, up from 13 in September 2015. But EY’s Renewable Energy Country Attractiveness Indices said few long-term power purchase agreements (PPA) had come to market and…