Meridian Energy puts Queensland project on hold because it says Coalition’s efforts to reduce the RET made long-term investment ‘near impossible’
An energy company has shelved plans to develop a hydro power project in north Queensland, blaming the federal government’s “destabilising” attempts to wind back Australia’s renewable energy target (RET).
Meridian Energy Australia announced on Friday it would not proceed with the Burdekin hydro power generation project, which was intended to “harness the otherwise wasted power of the largest dam in Australia at Burdekin falls”.