RET peace fires investment

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From the ABC:

The Ararat wind farm has secured finance to build 75 turbines in south-west Victoria, helping the Australian Capital Territory to meet its renewable energy target (RET).

The project was one of three winners of the ACT Government’s 200 megawatt wind auction held earlier this year.

It is also the first major contract to be signed following the Federal Government’s decision to lower the renewable energy target.

Environment Minister Simon Corbell said without the ACT’s 20-year feed-in tariff, the Victorian project would not have gone ahead.

Shit no. More work for the windy commissioner.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.