Queensland gets windfall from windfarms

Certificate for each unit of energy: The certificates will be complemented by the proposed carbon trading scheme, and broadly encourage the use of renewable energy technologies now under development. "Generators of renewable energy will gain certificates for each unit of energy they produce, which retailers of energy will be required to buy to comply with the scheme legislation," an AGL spokes­man said. "The Federal Government’s aims would amount to about 17 per cent of national energy output by 2020".

Aus to source 15pc of energy from renewables by 2020? Under the Government’s proposal, all existing and committed state and federal schemes would contribute to Australia sourcing 15 per cent, or 30,000 gigawatt hours, of its energy a year from renew­able sources by 2020, up from about 10 per cent today.

Potential Qld bidders: Potential bidders for the Queensland portfolio of assets are thought to include Epuron, Transfield Services, Viridis, Bab­cock & Brown Wind Partners, one of the Allco vehicles, and International Power.

Thermal, wind and hydro power gen portfolio: The Queensland assets are a mixture of coal-fired thermal, wind and hydro power generation assets. There are wind farms at Windy Hill near Ravenshoe in the state’s north, the Emu Downs farm in Western Australia and Toora in the south Gippsland region of Victoria. Other wind farms are the Starfish Hill wind farm near Cape Jervis and the Mt Millar wind farm on the Eyre Peninsula, both in South Australia. The biggest of the assets up for sale is Emu Downs, which generates 80 mega­watts of electricity from 48 turbines.

The Australian, 25/9/2007, p. B23

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