Meridian won’t invest more in Australia if renewables target is scrapped

Tue, 18 Feb 2014

By Pattrick Smellie Feb. 19 (BusinessDesk) – Meridian Energy won’t invest further in Australian renewable energy projects if the Federal government’s Renewable Energy Target subsidy scheme is scrapped, says chief executive Mark Binns. He was speaking at the company’s first half-year profit announcement since its partial privatisation in October. The Australian government announced Monday that the RET scheme will be reviewed, although Binns was optimistic any change would “grandfather” renewable generation schemes that were built under the s...

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