Tuesday 2 December 2008

Windfall will go to WA and Victoria

Summaries - Australian Financial Review
Monday 17/11/2008 Page: 5

Western Australia and Victoria are expected to grab the biggest shares of an expected $23 billion investment in clean energy as a result of the federal government's 20 percent renewable energy target. A report by Ernst & Young says South Australia will struggle unless transmission lines are built to increase opportunities for wind energy, and expansion in NSW could be hampered by low electricity prices and a problematic planning system. Renewable energy company Pacific Hydro has proposed the government provide funds to build transmission lines in South Australia. Australia's strongest winds are found along the continent's south coast and in Tasmania.

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