Business
There’s global interest in Tasmania’s wind farms — but can foreign ownership laws cope? – ABC News
More and more foreign-backed wind turbines are popping up across Tasmania. But with the majority of the state’s power already generated by hydro-electricity and…
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…
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