General
There’s global interest in Tasmania’s wind farms — but can foreign ownership laws cope?
On the south-east corner of Australia, the winds known as the Roaring Forties whip across from the Indian Ocean.
Key points:
- Most of Tasmania’s wind turbines have some form of Chinese ownership
- An analyst believes investors are banking on a proposed cable to export energy to the mainland that may not stack up
- Some are warning the regulator to learn the lessons of past foreign investments
As they cross Tasmania they lick its mountainous ranges, making the island one of the best spots in the world for wind farms.
And overseas investors have caught on. The majority of turbines on the island have some form of Chinese ownership.
But the foreign interest is starting to raise eyebrows, because Tasmania doesn’t necessarily need the extra energy.
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