Victoria premier promises market support for wind industry

Victoria's state premier, Steve Bracks, has renewed his pledge to lend a helping hand to the wind energy industry, saying: "We have too much as stake to risk the local wind industry collapsing." The state is investigating possible market-based measures to help meet its goal of more than doubling the proportion of renewable energy used by Victorians to 10% by 2010. By the end of 2006 alone Victoria is hoping to see up to 1000 MW of wind power developed, worth around A$2 billion of capital investment. No details have been released of how the government intends to achieve its aim. Earlier this year, Bracks visited Spain to meet the heads of the country's two leading wind companies, Gamesa and the wind division of construction group Acciona. "Both companies indicated they were keen to invest in Victoria if the conditions were right," he says.