Hydro Tasmania eyes renewable projects in Australian mainland

Hydro Tasmania hopes to develop renewable energy projects outside Tasmania.

The Tasmanian state-owned energy company is assessing new wind farms and projects to supply power to remote areas that aren’t connected to the main electricity grid, according to CEO Roy Adair.

The Hobart-based firm, which completed a deal yesterday to sell 75 percent of its Musselroe wind farm to Guohua Energy Investment Co, is studying a proposal to build a 600-megawatt wind project on Tasmania’s King Island estimated to cost about A$2 billion or US$2.07 billion.

The Tasmanian company is evaluating options on the Australian mainland and views remote area power supply as “very attractive from an economic perspective,” said Adair.

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