Wind Farm Company Union Fenosa and Australian Dollars

Australian dollars: Some 44 Australian wind-farm projects, about half of them overseas-funded, have been shelved since the new conservative government said it wanted to cut state support for the industry a year ago, with investors and operators saying they are considering either downscaling or leaving the country altogether if it succeeds, according to The Japan Times. It s a difficult time at the moment, and the policy uncertainty is the main cause of it, said Shaq Mohajerani, an Australian spokesman for wind farm company Union Fenosa, owned by Spanish energy giant Gas Natural. We re still considering all options on how to proceed. The parent company will provide us with the strategy and Australia faces an exodus of 17 billion Australian dollars $13.3 billion in investment from its wind-farm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. Even Australian wind-farm companies such as Infigen and Pacific Hydro have effectively shelved their Australian operations, with Infigen saying it plans to pour all its financial muscle into the more amenable U.S. market. (news.financializer.com). As reported in the news.