Antinuclear

Wherever did Epuron get the idea that the Abbott government is against wind energy?

Epuron claims Abbott Government against wind energy, ABC News By Melinda Hayter 20 Jan 15  Renewable energy company, Epuron, claims federal government inaction on the Renewable Energy Target (RET) has Australians paying more for electricity than they should be.

An independent review into the target, which attracted more than 24,000 submissions, was released in August but the government is yet to release its response.

The New South Wales Greens recently cited a report which showed an 88 per cent reduction in investment in the renewable energy sector nationally last year.

Project Manager with Epuron, Donna Bolton, says banks remain wary of lending money to industry players, despite the review’s findings. “The review found that while there was a marginal increase in the cost of household electricity initially, the RET in its current state would actually bring electricity prices down,” she said.

“Despite this there’s been no action.

Epuron has windfarm interests in a number of areas of New South Wales, including the South West Slopes.

Ms Bolton says the government’s inaction has caused the industry to stall.

“It’s very difficult because it’s all about investment confidence,” she said.

“A bank looking to lend $400m, you need to know that that investment is rock solid, that the mechanisms behind it will stay in place and that your return on investment is reasonably secure.

“That’s not the case apparently, so investment has pretty much stopped.”………Epuron has accused the Abbott Government of being against wind energy.

“For some reason there is a lot of resistance, for particularly wind energy, in the current federal government, Ms Bolton said……“I believe the Abbott Government is firm in its belief that it wants to develop the coal industry to the maximum before that gate closes,” she said…..http://www.abc.net.au/news/2015-01-20/ret-comment/6026696

January 20, 2015 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, wind