Wind energy company gives up on Australia due to RET uncertainty
Renewable energy sector crisis forces Banco Santander to quit Taralga wind farm, SMH, March 31, 2015 Angela Macdonald-Smith Banco Santander, a major investor in renewable energy, will sell its only Australian wind farm and exit the local sector because of policy uncertainty that has dragged the industry into crisis.
Santander will seek a buyer for its 90 per cent stake in the 106.8 megawatt Taralga wind farm near Goulburn, which is not being included in the renewable energy fund it set up late last year with two Canadian pension giants because of the perceived poor prospects for the sector in Australia, say sources………
Santander is closing the Sydney office for its equity investment arm, which focuses on renewable energy, in mid-2015. http://www.smh.com.au/business/renewable-energy-sector-crisis-forces-banco-santander-to-quit-taralga-wind-farm-20150331-1mbjsk.html
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