Wind farms to be put on hold include the 300MW Coopers Gap project in Queensland, the 150MW Barn Hill wind farm and the 99MW Hallett 3 project.
“Future wind farm developments beyond those already under construction are only going to occur when we see REC prices recover,” says AGL managing director Michael Fraser.
Chief financial officer Stephen Mikkelsen adds: “We have taken the opportunity to purchase a significant amount of RECs at what we believe are very good prices and we now have sufficient RECs to see us through to the 2014-15 period.”
Fraser
