Investors that are interested in converting coal plants to renewable biomass facilities, and those that co-fire a high proportion of biomass with coal, were given a boost today under new plans set out by Energy Minister John Hayes.
The Government has introduced a voluntary reporting process under the Renewables Obligation for these generators. This will minimise regulatory burdens on generators and enable Government to better estimate how much financial support these schemes will need.
Minister Hayes said:
“Energy is central to our economic recovery. We must deliver investment in new infrastructure while keeping costs down for consumers.