Gas company APA joins throng to spend on renewable energy projects
APA aims to ramp up renewable energy spending, The Age February 28, 2016 Brian Robins APA wants a seat at the table in the multibillion-dollar investment boom in renewable energy sources over the next few years amid national moves to meet the mandated renewable energy target.
This month, AGL said it might launch a $3 billion fund to build renewable energy projects such as wind and solar farms.
Rival Origin Energy said it might invest in similar projects but would most likely buy the output under long-term contracts.
Under federal government policy, one-fifth of electricity must be sourced from renewable energy by 2020. The move is expected to hasten the closure of heavily polluting coal-fired power stations…….
APA is considering several projects, including a potential solar farm in Western Australia, if it wins support from Australian Renewable Energy Agency funding and signs a power sales agreement. It is also bidding on an estimated 90MW of wind turbine capacity in the Northern Territory………http://www.theage.com.au/business/apa-aims-to-ramp-up-renewable-energy-spending-20160224-gn2a1g.html
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