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PacHydro may abandon wind farms
PACIFIC Hydro may scrap hundreds of millions of dollars of wind power projects in Victoria because of the State Opposition's pledge to abandon plans for a new renewable energy scheme.
Garry Weaven, executive chairman of Industry Funds Services, owner of PacHydro, said the company's Portland development faced shelving, and the Opposition's policy made contracts for wind farms impossible to find. "Portland is under very serious consideration now," Mr Weaven said. "Until that announcement by (Opposition Leader) Ted Baillieu the answer was yes (it would be built)."
Mr Baillieu announced last month that he would scrap the Government's new Victorian Renewable Energy Target scheme if he won the election.
September 19, 2006
by Rod Myer
in The Age
PACIFIC Hydro may scrap hundreds of millions of dollars of wind power projects in Victoria because of the State Opposition's pledge to abandon plans for a new renewable energy scheme.
Garry Weaven, executive chairman of Industry Funds Services, owner of PacHydro, said the company's Portland development faced shelving, and the Opposition's policy made contracts for wind farms impossible to find. "Portland is under very serious consideration now," Mr Weaven said. "Until that announcement by (Opposition Leader) Ted Baillieu the answer was yes (it would be built)."
Mr Baillieu announced last month that he would scrap the Government's new Victorian Renewable... [continue via Web link]
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