Good news for Australia with lifted wind farm investment ban

Good news for Australia with lifted wind farm investment ban

Australia wind energy and wind farm

The new Liberal government in Australia has lifted the wind farm investment ban which was created by the previous Prime Minister, Tony Abbott. Back in July, the Clean Energy Finance Corporation (CEFC) was ordered to stop funding wind energy projects entirely.
The new mandate was signed December 3 by Finance Minister, Mathias Cormann, and Environment Minister, Greg Hunt. Now there will be a dedicated $10 billion to be spent on wind projects as long as they use ‘emerging and innovative’ technologies with a main focus on ‘offshore wind’.
Greens leader, Larissa Waters said, “Tony Abbott was prepared to take the axe to renewable energy and was going to restrict investment. We know wind is going to be part of the solution and we’ve got some fantastic wind deposits here in Australia.”
With new investments in the wind industry comes new jobs for communities.
Victoria’s Environment Minister, Lisa Neville said, “It’s been a very rocky 18 months for the industry and investment which has caused a lot of losses of jobs across Australia so this is a positive step forward.”
South Australia’s Environment Minister Ian Hunter said, “There are a number of wind farms in the pipeline. We’re aiming for $10 billion worth of investment, we’ve already had $6.4 billion, and I know that there’ll be a number announced in the new term.”
Wind tower manufacturer Keppel Prince, Steve Garner said, “People need to realise, the CEFC is a real strong arm of renewable energy and projects throughout the nation and there is an absolute need to maintain the CFEC’s position in the industry because it really does help any new wind farm to get up there going.” He continued, “We’ve had a lot of ups and downs but we’ve got two more federal elections before 2020 and I’d have a lot of confidence to say that target will increase dramatically.”

Posted By Sally on December 15, 2015 | 0 Comment

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