Boost for Australian wind energy market with revised Renewable Energy Target

“We are very pleased that the Government has listened to the large scale renewable energy industry and taken decisive action to ensure Australia’s 20 per cent Renewable Energy Target is achieved by 2020,” said Sean Sutton, President of Vestas Asia Pacific.

“Today’s announced reforms should give investors confidence to proceed with a number of large wind farm projects, which will create jobs and begin to change Australia’s energy mix from high carbon to low carbon,” added Mr Sutton.

“Wind energy is quick to install and we expect to play a key role in helping Australia to meet the 20 per cent Renewable Energy Target by the year 2020,” said Jørn Hammer, Managing Director of Vestas Australian Wind Technology Pty Ltd.

The announcement by the Australian Government indicates that legislation will be presented to the parliament in time for its winter sittings in June and July.

Vestas looks forward to working with the Australian Government on the details for the revised legislation in order for major wind energy projects to proceed during calendar year 2010.

With this positive step forward, Vestas would like to thank Australian Prime Minister Kevin Rudd and Ministers Penny Wong and Greg Combet for their constructive role in revitalising the large scale renewable energy sector.

Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas wind turbines currently reduces carbon emissions by more than 40 million tons of CO2 every year, while at the same time building energy security and independence.

Every Vestas wind turbine offers modern, competitive energy solutions based on 25 years of experience that incorporates the continual development of known technologies within aerodynamics, power regulation and generator regulation.

www.vestas.com