LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

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

News Watch Home

Wind farm projects on hold during Renewable Energy Target review 

Credit:  ABC News | 22 July 2014 | www.abc.net.au ~~

Green energy company Pacific Hydro has put future projects on hold because of uncertainty about a review of the Renewable Energy Target (RET).

Hundreds of jobs and millions of dollars in investment are at risk, according to the company.

Pacific Hydro has five wind farms in south-western Victoria and a number of other geothermal, hydro and solar power projects across Australia.

The company wants to build more wind farms at Crowlands, near Ararat and Yaloak South, in the Moorabool Shire.

But the company said the future of those projects was now uncertain and would depend on the outcome of the RET review.

Former Reserve Bank board member Dick Warburton is heading the review and will report back to the Federal Government by the middle of the year.

The target is designed to make sure 20 per cent of Australia’s electricity comes from renewable sources by 2020.

Company spokesman Andrew Richards said any reduction in the RET would also have an impact on existing wind farms.

“It’s a market that’s been created for renewable energy, so whenever you reduce demand in any kind of market, the prices of that product will fall quite dramatically,” he said.

“A reduction of the RET or a removal of the RET will obviously have a significant impact on demand.”

Source:  ABC News | 22 July 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 Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

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

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon