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ADI LEAVES WIND ENERGY
1 April 1996
Australian Defence Industries (ADI) has decided to leave the wind energy business as part of its corporate restructuring. Until recently, ADI had been actively pursuing construction of a wind farm at Toora and other wind projects after completing the 2 MW Ten Mile Lagoon wind farm in Western Australia. Citing "lack of progress" by Australian electricity authorities to further wind development, ADI's Ian Mackinnon says wind energy was not seen as a core business. The firm's wind projects would most probably be taken over by its partner, Danish wind turbine manufacturer Vestas, adds Mackinnon. ADI, though, may still manufacture components for any wind projects which finally get built. According to Mackinnon, there is not much chance of ADI re-entering the market with current structure of the electricity industry in Australia. Vestas Wind Systems' Nils Andersen says his company will continue "in some way" to develop the Australian wind energy market, including the search for a new partner. "We believe that there will be a very good market in Australia," he adds. The gap left by the withdrawal of ADI has encouraged other companies to pursue projects such as Toora, including a local Victorian firm, Vertigo Sustainable Energy Resources, which is currently negotiating to form a joint venture to develop the wind project.
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