NEWS

Infigen urges strong leadership on RET

25 March 2015

Infigen Energy supports the Clean Energy Council’s (CEC) proposed resolution to the Renewable Energy Target (RET) crisis that has frozen the renewable energy industry for well over a year. Infigen believes the 33,500 gigawatt target proposed by the CEC represents a reasonable compromise that will finally allow multi-billion dollar renewable energy investments and jobs in rural and regional areas to be restored. Infigen considers that a bipartisan agreement is the only practical pathway to a fully functioning RET.

“We call on both parties to show leadership in the face of the freeze in investment in modern emission free electricity generation technologies that has occurred under the impasse. Infigen and the industry has the willingness and capability to deliver this target from over 6000 MW of renewable projects that already have planning approval and strong community support,” said Miles George, Infigen Energy Managing Director.

 

ENDS

 

For further information please contact:
Richard Farrell
Group Manager, Investor Relations & Strategy
Tel +61 2 8031 9900

About Infigen Energy

Infigen Energy is a specialist renewable energy business. We have interests in 24 wind farms across Australia and the United States. With a total installed capacity in excess of 1,600 MW (on an equity interest basis), we currently generate enough renewable energy per year to power over half a million households.

As a fully integrated renewable energy business inAustralia, we develop, build, own and operate energy generation assets and directly manage the sale of the electricity that we produce to a range of customers in the wholesale market.

Infigen Energy trades on the Australian Securities Exchange under the code IFN.