Wednesday, June 16, 2010

Low wind prices blow as renewable investors are offered a special deal


Investment in wind power may remain sluggish for the next few years, analysts say, despite federal government attempts to improve the troubled renewable energy target.

As early as this week, the Senate will vote on amendments designed to restore confidence in the RET, which requires that 20 per cent of energy come from renewable sources from 2020. It is the main incentive for building wind farms - a big growth market for the utilities AGL and Origin Energy.

See full Article.