Enhancing the operation of the Renewable Energy Target.

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Melbourne [WorldofRenewables.com]

Suzlon Energy Limited – the world’s third largest wind turbine maker welcomed today’s announcement by the Australian Government to introduce measures
to enhance the operation of the Renewable Energy Target (RET).

Suzlon supports the Government’s approach of introducing a Large Scale Renewable Energy Target and a Small-scale Renewable Energy Scheme. This will help build
investor confidence in the renewable energy market in Australia.

Suzlon is now looking forward to the release of the industry consultation paper where the details of the proposed changes to RET will be made clear. The industry now needs
a speedy change to the legislation to allow investment to flow again.

Mr. Dan Hansen, CEO of Suzlon Energy Australia, said: “The Renewable Energy Target is the main driver of investment in clean, renewable energy projects in Australia. The
Government’s announced intention to improve the operation of RET is great news and will underpin the successful expansion of Australia’s renewable energy industry. An
effective RET will create new clean energy jobs and help Australia make the transition to a low carbon economy. Suzlon is now looking forward to working with the
Government on the details of the legislation to ensure a thriving market for renewable energy projects in the coming decade.”

Mr. Tulsi Tanti, Chairman and Managing Director of Suzlon Energy Limited, said: “We welcome the Australian Government’s strong support for renewable energy. The recent announcement by the Government to enhance RET is a clear signal to the international business community that Australia is serious about investing in a clean energy future.”

Source: Suzlon

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