The projects have the potential to generate more than 1.2GW, representing a capital investment of over A$2.4bn ($2.6bn) — A$600m in New South Wales and A$1.8bn in Victoria — the local subsidiary of Spain’s Gas Natural Fenosa tells Recharge.

Pricing carbon pollution — to be announced by Prime Minister Julia Gillard on Sunday — is pivotal to the company’s investment strategy.

It