Vestas, one of the world’s leading wind power companies, was to hold a press conference on 25 August at its plant in Wynyard, in north-west Tasmania, to explain the reasons for its decision to close its Tasmanian manufacturing plant, reported The Australian Financial Review (25/8/2006, p.5).
Plant set up in response to fed scheme: The company set up its manufacturing plant three years ago to capitalise on the increased activity in the sector that followed the Federal Government’s 2002 decision to introduce the mandatory renewable energy scheme, which requires energy users to use renewable sources for a share of their power.
Feds refuse to increase targets: But when the government said in 2004 that it would not expand the scheme or increase the mandatory renewable energy target (MRET), renewable energy companies warned that the decision would lead to the winding down of the industry in Australia.
The Australian Financial Review, 25/8/2006, p.5
Souce: Erisk Net