Wind farm operator Pacific Hydro has welcomed the renewable energy initiatives outlined in the Federal Government’s carbon price scheme.
The Government announced a $10 billion Clean Energy Finance Corporation as part of the package, to encourage investment in renewable energy.
Andrew Richards of Pacific Hydro says the package will allow companies to better plan future projects.
He says the $23-a-tonne a carbon price is key to creating a more stable market for investment.
“Investing in renewable energy has been a bit fraught over the last three or four years,” he said.
“Now that we have this package of measures coming through, which importantly includes the carbon price, you’ll start to see a lot more security around those future investments and people starting to plan a lot better.”