Portland Observer
Wednesday 12/12/2007 Page: 14
THE proposed 450-megawatt Macarthur Wind Farm has taken a further step forward with AGL Energy signing a heads of agreement with Meridian Energy. The agreement will allow both parties to explore the potential joint development of the wind farm. AGL managing director Michael Fraser said the agreement would bring together the key skills of both parties to determine the most favourable final generating capacity of the project.
"If the Macarthur Wind Farm goes ahead, it will make a significant contribution to AGL's requirement to meet the Federal Government's expanded Mandatory Renewable Energy Target which will require retailers to purchase 45,000 GWh of renewable energy by 2020," he said. "AGL has put considerable work into building a renewable generation portfolio that will deliver substantial environmental and financial benefits in a future carbon constrained world.
"If the Macarthur Wind Farm is built, AGL's renewable generation portfolio will extend to well in excess of 1000MW - Australia's largest privately owned and operated renewable portfolio." Meridian Energy is New Zealand's largest generator of electricity and is committed to using only renewable resources to generate electricity. It develops, owns and operates wind farms throughout New Zealand and also operates nine hydro power stations.
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