Victoria, Australia Increases Renewable Energy Commitment

[RenewableEnergyAccess.com] The Australian sustainable energy industry welcomed the Victorian Government’s announcement to develop market-based mechanisms that will deliver its commitment of 10 percent renewable energy generation by 2010. To date, renewable energy projects in Australia have been driven by the Australian Government’s Mandatory Renewable Energy Target (MRET), under which the annual target for renewable energy increases incrementally to 9500 GWh by 2010. However recent analysis reveals that only a further 150 MW of grid-connected projects will be required to meet the 2010 target. As of December 2004, there were some 712 MW of renewable power projects under various stages of construction.
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