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W
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ith the first new
wind farm development beginning construction in Victoria since the election of
the Coalition government, Australia could be on the brink of a new burst of
activity in the renewable energy sector.
It follows the recent announcement of the $450 million
Ararat project to build Australia's third-largest wind farm in south-western
Victoria with financing provided by developer Renewable Energy Systems (RES),
turbine-maker General Electric and two other backers.
Yet while the new facility at Coonooer Bridge owes nothing
to the recent agreement on the renewable energy target, the Ararat announcement
came within days of the RET deal being passed in Parliament.
Read the Financial Review story - “New wind farms for Victoria”.
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