Tasmanian Government urged to defend RET

Hydro Tasmania, the nation’s largest renewable energy company, has warned an abolition of the RET would jeopardise millions of dollars worth of Hydro assets in Tasmania and terminate any further investment.

Photo: Renewable energy investment remains uncertain in Tasmania as the Federal Government reviews the RET.

The Tasmanian Government is being urged to dissuade the Federal Government from scrapping the Renewable Energy Target (RET).

“A range of renewable energy projects - not only Hydro Tasmania‘s projects but companies around Tasmania and around Australia - those projects will be placed at risk,” he said.

“We have advocated strongly on behalf of Tasmania’s interests in our discussions with senior Commonwealth Government Ministers, in our submission to the RET Review, and in other forums, and we will continue to do so”.

The policy, which mandates that 20 per cent of Australia‘s power has to be generated by renewable resources by 2020, is currently under review by the Abbott Government.

Mr McKim says scrapping the renewable energy target would be a disaster for Tasmania.

Tasmania’s Resources Minister Paul Harriss said he was concerned about the local impact of changes to the target, and these had been spelled out to Canberra.

“The Federal Government is well aware of our unequivocal support for the retention RET and we will continue to make that known to the Federal Government,” said Resources Minister Paul Harriss.

Hydro Tasmania says $2 billion worth of proposed Tasmanian wind farm opportunities hang in the balance.

Federal Finance Minister Matthias Cormann said the Government refused to rule out a downscaling or abolition of the target.

Read more here: ABC


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