Summaries - Australian Financial Review
Thursday 26/6/2008 Page: 18
Transfield Services Infrastructure Fund owns part of Victoria's coal-fired Loy Yang A power station and other generators and might soon be Australia's biggest owner of wind energy. Due to the Federal Government's increased interest in renewable energy sources, Transfield's investments in wind-farms could become very profitable for the Sydney-based company. Transfield owns Windy Hill in Queensland, Toora in Victoria, Starfish Hill, Mount Millar in South Australia and if approved, will own half of Emu Downs in Western Australia. Transfield contracted Hydro Tasmania for six months when Starfish Hill's renewable energy certificate curves (RECs) came out of contract in May. RECs are a tradeable currency that prove compliance with the government's targets for renewable energy.
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