Statements
Hydro Tasmania Announcement
The Liberal Government is committed to once again making energy a competitive advantage for Tasmania.
Hydro Tasmania has today made a commercial decision that they won’t be proceeding with the King Island Wind Farm proposal on the grounds that the proposal unfortunately has been found to be not economically viable.
It is disappointing that the project will not proceed, but having found that the project did not stack up economically Hydro has done the right thing by making this announcement now to provide certainty.
Hydro has clearly indicated that the King Island proposal was not viable even if the Renewable Energy Target was maintained at the existing level.
They will now focus on further investigating the benefits and viability of a second inter-connector, as outlined in the recent State Budget.
Matthew Groom, Minister for Energy