PACIFIC Hydro says there is a “50-60 per cent chance” that phase four of its Portland wind energy project will get the go-ahead before the end of this year.
The company’s executive manager for government and corporate affairs, Andrew Richards, said that while there were still some uncertainty about the ultimate price of carbon, business confidence and economic conditions seem to be improving enough that Pacific Hydro may decide to start work on the final 23 turbines between Cape Nelson and Cape Sir William Grant this year.
“There has been an oversupply of renewable energy certificates,” Mr Richards said, “but lately the situation has improved somewhat. Of course, overall market conditions are not buoyant but we expect things to get better in the second half of the year. There’s still a lot of political discussion about the carbon price but we’re confident the Coalition supports renewable energy.”
He again emphasised the company’s commitment to Keppel Price Engineering to build the towers for phase four, continuing a long association with the Portland firm.
Read more in Monday’s edition of the Portland Observer.