West Coast Wind, the developer of the 99-MW Granville Harbour wind project in Tasmania, expects to start construction of the park by the end of 2015 now that there is more certainty in the Aussie renewables sector.
Yesterday, the Australian parliament passed the legislation that reduces the large-scale Renewable Energy Target RET (LRET) for 2020 to 33,000 GWh from 41,000 GWh previously. The move is expected to end the country’s renewable energy crisis after 18 months of uncertainty.
West Coast Wind director Alex Simpson said, as cited by the ABC, that the company can now approach investors with more realistic expectations when it comes to the project. Simpson believes that there will be no need to contact investors from overseas.
The AUD-200-million (USD 155m/EUR 138m) wind farm will consist of 33 turbines that will generate and feed electricity into the Tasmanian grid, or be transmitted to the mainland via the Basslink. The project already has clearance from the West Coast Council and the Environment Protection Authority.