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Wind firm awaits carbon trading scheme  

Babcock and Brown Wind Partners says it is poised to further invest in the south-east, but its waiting for a carbon trading scheme.

The company says that once the federal or State Government indicate carbon trading will occur, it will find investors.

Acting chief executive Miles George says it continues to monitor the south-east and other locations across Australia for future wind farms.

But Mr George says a carbon trading system at any level of government is needed.

“If the intension is to provide a pricing signal, which is sufficient to allow competitive renewable energy technologies to be developed, then wind is the largest scale and most competitive renewable energy source, so it’s likely that further wind projects could be developed,” he said.

8 February 2007


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