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Bill approval could boost SA renewable energy projects

Renewable energy developer Babcock and Brown says it could invest another billion dollars in South Australia if there is a rise in the renewable energy target.

The State Government has introduced legislation seeking a renewable energy target of 20 per cent by 2014.

Babcock and Brown is currently completing a $400 million expansion of the Lake Bonney wind farm near Millicent in the south-east.

Company spokesman Miles George says there could be more investment if the bill before State Parliament is approved.

"We've got two other prospects in the south-east area generally for wind farms which probably would be something in the order of $600 million worth of investment," he said.

"We've got a biomass plant prospect. That's in the short-term, in the longer term we've got additional wind sites elsewhere in South Australia which we believe we could develop."

The State Government has introduced legislation seeking a renewable energy target of 20 per cent by 2014.

Babcock and Brown is currently completing a $400 million expansion of the Lake Bonney wind farm near Millicent in the south-east.

Company spokesman Miles George says there could be more investment if the bill before State Parliament is approved.

"We've got two other prospects in the south-east area generally for wind farms which probably would be something in the order of $600 million worth of investment," he said.

"We've got a biomass plant prospect. That's in the short-term, in the longer term we've got additional wind sites elsewhere in South Australia which we believe we could develop."


Source: http://www.abc.net.au/news/...

JUL 13 2006
https://www.windaction.org/posts/3479-bill-approval-could-boost-sa-renewable-energy-projects
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