Ballarat Courier
Thursday 16/8/2007 Page: 5
THE Victorian Government says its renewable energy targets are still on track despite plans to dump a financially enviable $140 million wind turbine farm. AGL Energy Limited yesterday officially abandoned plans to build the 48 turbine Dollar Wind Farm in Victoria's southeast, 10 months after placing its application on indefinite hold. AGL cited financial concerns with the project.
"Even considering the current and any future emissions trading environment, the economics of the project are less compelling as compared with other projects under investment consideration by AGL," the company said in a statement yesterday. "Renewable energy is AGL's core business and we will continue to explore and develop a diverse power generation portfolio including base, peaking and intermediate generation plants."
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