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Three wind farms proposed by Gamesa receive federal funding

Three wind farms proposed by Gamesa Energy Pty, the Australian subsidiary of Spanish developer Gamesa Energía, have received Major Project Facilitation (MPF) status from Invest Australia, the government's inward investment agency. With a combined total of around 300 MW, development of the wind farms would represent an investment of A$675 million (EUR 429.8 million). If approved at all levels, they are scheduled to be operational by June 2007. Paling Yards wind farm is planned for New South Wales, while the other two -- Hawkesdale and Ryan Corner -- will be in Moyne Shire, south-west Victoria, which is already home to Pacific Hydro's Codrington and Yambuk wind farms. "Construction of the three wind farms will commence in 2006," says Ian Macfarlane, federal industry minister, which says the projects are "significant in our effort to reduce global climate change." He also says the projects will have a substantial net economic benefit for the regional communities in which they are located."

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