India builds wind power for Australia

Age
Tuesday 5/2/2008 Page: 2

RENEWABLE energy company Pacific Hydro has signed a deal with India's largest wind generator maker, Suzlon Energy, to equip the company's $140 million South Australian wind farm. For an undisclosed amount, Suzlon Energy will provide 27 turbines that will produce 2.1 megawatts of electricity at Pacific Hydro's Clements Gap wind farm, towards the north of Spencer Gulf.

Pacific Hydro chief executive Rob Grant said Australia should prepare for a renewable energy boom following the Federal Government's promise to increase the Mandatory Renewable Energy Target to 20% by 2020. Previously, Pacific Hydro had to look overseas to invest, particularly in Chile and Brazil, using the "clean development mechanism instrument" under the Kyoto Protocol.

"Business is already responding to the Australian Government's commitment," Mr Grant said. 'A 20% renewable energy target is expected to drive more than $20 billion in new investment across Australia so we are looking to the Federal Government to make the appropriate legislative amendments as quickly as possible to ensure investment momentum is maintained."

Link www.pacifichydro.com.au