Victoria's government has approved what could become the state's second largest wind farm, the 192 MW, 128 turbine, Waubra wind farm near Ballarat, to be developed by local company Wind Power Pty at a cost of A$326 million (EUR 207.66 million). "The permit for this new wind farm means we have now issued planning permits for more than sixty per cent of our target of 1000 MW of wind energy by 2006," says energy minister Theo Theophanous. Wind Power Pty is to establish a community wind fund for the benefit of the people of Waubra. When the wind farm is up and running, the company will contribute A$500 (EUR 318.5) per turbine per year indexed to the inflation rate for the life of the project, or A$64,000 (EUR 40,772) each year in total. Last year Wind Power Pty was forced to put plans for its 104 MW Bald Hills wind farm in South Gippsland, Victoria on hold. While Victoria's government approved it in August 2004, federal environment minister Ian Campbell demanded more information about its environmental impacts. The matter is still ongoing.