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Wind farm firm backs carbon price measures  

Credit:  ABC South West Victoria, www.abc.net.au 12 July 2011 ~~

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.”

Source:  ABC South West Victoria, www.abc.net.au 12 July 2011

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 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.

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