Assessing the Federal Election Outcome for Australian Solar and Sustainability
On Saturday 21 May Australia’s federal election was held. From a renewables and sustainability perspective (among other factors) the outcome of this...
Solar Trust Centre Team
:
Jun 9, 2017 12:03:34 AM
Foreign companies dominate ownership of many Australian wind farm developments, taking an estimated $1.7 billion a year in renewable energy subsidies offshore. 60% of the existing wind farms are owned by foreign companies. This will increase to 69% when 4 projects currently in development are complete.
The percentage will go up further when the nation’s biggest wind farm development Stockyard Hill in Victoria is constructed.
The sale by Origin Energy of the Stockyard Hill wind farm project to Chinese company Goldwind Energy this week has made the spotlight on the shift to foreign ownership in Australia’s biggest renewable energy industry.
Click here to read the full story on The Australian Business Review
On Saturday 21 May Australia’s federal election was held. From a renewables and sustainability perspective (among other factors) the outcome of this...
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