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India builds wind power for Australia
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.
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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."
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