Wind Farms Now Off Limits for Australia’s $7 Billion Energy Fund
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Wind farming in Australia suffered another setback with the government banning its A$10 billion ($7.4 billion) renewable energy fund from investing in the industry.
The government sent a letter to the Clean Energy Finance Corp. outlining proposed new investment priorities, including a shift away from wind power, Trade and Investment Minister Andrew Robb said Sunday in an interview on Sky News television