[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Add NWW headlines to your site (click here)

Get weekly updates

when your community is targeted


RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links


Press Releases


Campaign Material

Photos & Graphics


Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Queensland sells off wind farm assets to help climate change 

The Queensland government has sold off its wind farm assets, with over $400 million to be poured back into climate change initiatives.

Premier Anna Bligh today said the assets, spread across Queensland, South Australia, Western Australia and Victoria, had been sold to successful bidder Transfield Services Infrastructure Ltd.

Transfield will purchase the assets from Stanwell Corporation Ltd and Tarong Energy Corporation for $460.4 million.

Ms Bligh said the money would go towards Queensland’s climate change fund, established to provide an ongoing funding source for climate change initiatives.

“This is an excellent financial outcome for Queensland taxpayers and paves the way for further investment in one of the most significant global challenges we face,” Ms Bligh said in a statement.
“After accounting for costs of sale and debt, it is estimated that $430 million in net sale proceeds will be available for investment in our ground-breaking Queensland climate change fund.

“That’s $130 million more than we originally anticipated for the fund.

“This total investment could be expected to provide an ongoing annual funding source of approximately $30 million.”

Ms Bligh said the money would be used for projects which encourage Queenslanders to live and work more sustainably.

Treasurer Andrew Fraser said the announcement completed Queensland’s wind and gas sales.

The combined gross sale proceeds from the earlier sale of the Enertrade gas business and the wind assets is $728.4 million.

The Courier-Mail

29 November 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)


e-mail X FB LI TG TG Share

News Watch Home

Get the Facts
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.


Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon