AGL Energy Limited welcomed the agreement by the Council of Australian Governments (COAG) to maintain the 45,000GWh Renewable Energy Target (RET) from 2020 through to 2030, rather than being phased out from 2024.
AGL Managing Director, Michael Fraser, said: “Today’s COAG announcement on the extension of the RET is sensible policy that will provide certainty for investors and set Australia on a measured transition path to a low carbon future.”
“This policy will contribute significantly to reducing Australia’s greenhouse gas emissions and is complementary to the Carbon Pollution Reduction Scheme.
Mr Fraser added: “This legislation is a crucial stimulus package in supporting new renewable energy projects. We would welcome the passage of the RET legislation in this form in the next
session of Parliament.”
Following the completion of wind farms at Hallett 2 and Hallett 4 in mid north South Australia, GL will control the operation of almost 1,300MW of renewable energy capacity with an dditional pipeline of approximately 2,000MW of identified renewable generation opportunities.
