[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Add NWW headlines to your site (click here)

when your community is targeted

Get weekly updates

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Stripe

Donate via Paypal

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

Federal renewable energy review leaves investors nervous 

Credit:  By Lucy Shannon | ABC News | 19 April 2014 | www.abc.net.au ~~

A Federal government review of the renewable energy target scheme appears to be making industry investors nervous.

The Environment Protection Authority approved a $200 million wind farm proposal for Tasmania’s west coast earlier this month.

Despite the approval, the proponent of the Granville Harbour wind farm, West Coast Wind, is not confident of securing investment until the outcome of the Commonwealth review is known.

The renewable energy target scheme, set up by the Howard Government in 2001 aims to ensure 20 per cent of Australia’s energy is produced from renewable sources by 2020.

The scheme is required to be reviewed every two years.

Reports the Prime Minister Tony Abbott has faced strong internal pressure to scrap the RET from both the Nationals and the Liberals have led to fears it will be watered down.

West Coast Wind Director Royce Smith says he does not expect to secure investment for the 33 turbine project while the review is underway.

“It’s certainly got a few investors a bit shy at the moment, until we get the review in from the Federal Government everything’s on hold certainly at the moment,” Mr Smith said.

“It’s just a bit hard to invest money if you don’t know what the outcome is going to be, they’re just a bit nervous.”

The former head of Hydro Tasmania and current chair of the International Renewable Energy Alliance Peter Rae is confident there will not be any major changes made to the scheme.

“The RET scheme is something that was supported by all parties,” Mr Rae said.

“The 2020 target was a commitment by both the outgoing government and the incoming government at the last election, I don’t see any likelihood of them not honouring that obligation”.

Mr Rae says the renewable energy target scheme is vitally important for Tasmania.

“It is the basis upon which we can expand wind generation and do some further improvements of Hydro by increasing the efficiency and output of some of the Hydro schemes,” he said.

In a statement, the Energy Minister Matthew Groom said the state government will continue its active discussions with the Commonwealth to secure the best possible outcome for Tasmania from the current review.

The review is expected to take a few months.

Source:  By Lucy Shannon | ABC News | 19 April 2014 | www.abc.net.au

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 Stripe
(via Stripe)
Donate via Paypal
(via Paypal)


e-mail X FB LI M TG TS G 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 Wind Watch on Truth Social

Wind Watch on Gab Wind Watch on Bluesky