
Cancelled wave energy project underscores need for state govt renewable energy plan
The town of Portland in south west Victoria is undergoing a transition. The renewable energy / clean technology sector is a emerging as a major source of jobs and investment in the region. Yet, the transition isn’t without its set backs.
In July, Ocean Power Technologies announced it will not proceed with its’ proposed $233 million wave energy project in Portland. The cancellation of the proposed wave energy project is a kick in the guts for Portland’s manufacturers, and underscores the need for a state government plan to support renewable energy.
Keppel Prince Engineering’s loss of the lucrative contract for construction on the project’s power buoy units is also putting local jobs at risk at a time in which it is already contending with reduced demand for its wind tower manufacturing.
The announcement comes on top of the Abbott government’s review of the Renewable Energy Target and Ted Baillieu’s anti-wind farm laws that have stalled investment and have cost jobs. Continue reading “Cancelled wave energy project underscores need for state govt renewable energy plan”