RET fears delay 1GW Aussie wind

Australian utility AGL Energy has further delayed the start of work on its up-to-1GW Silverton wind project, citing uncertainty over the future of the country’s Renewable Energy Target (RET).

AGL has been tendering for EPC contractors for the A$550m ($507m) project in New South Wales, but said it will hold off from making an appointment.

Australia is facing a national election within the next few months, with renewables policy a key differentiator between the two sides.

The opposition Coalition led by Tony Abbott has previously pledged support for the RET – among the world’s most ambitious – but is pledging to review it next year if it seizes power from the incumbent Labor government, and is widely seen as sceptical Log in to read complete article.

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