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Windfarm company gains confidence

Tuesday, 12th July, 2011

Epuron’s proposed wind farm near Silverton looks set to receive an indirect boost from the Federal Government’s carbon tax.

Under the scheme $10 billion will be spent to establish a Clean Energy Corporation aimed at investing in new green technology, while a further $3.2 billion will go to the Australian Renewable Energy Agency.

Although the bulk of the funding will be used for research and innovation, the massive outlay adds an element of surety to the future of green energy projects like the city’s proposed wind farm.

Silverton Wind Farm Developments Project Manager Donna Bolton said yesterday the Government’s strong push towards cleaner energy would reassure investors who may be contemplating funding a green energy project.

“It will certainly help with investor confidence, and just the general climate for the project,” Ms Bolton said.

“Investors can be much more comfortable. 

“All the wind farm projects in Australia are hinged on investment and I think this will help with general optimism.”

Ms Bolton said work was still continuing “behind the scenes” on the city’s wind farm, and that Epuron would release an update on its progress in the near future.

When it first revealed the $2 billion proposal in 2007, Epuron said its plan to erect almost 600 turbines on the Barrier Ranges near Silverton would make it the largest wind farm in the southern hemisphere.

But progress on the proposed development has stalled since 2009 when a lease agreement was signed for 32,000 hectares of Crown land.

 

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