The 48-turbine Dollar Wind Farm was put on indefinite hold last October and AGL yesterday confirmed it was pulling out of the proposal altogether.
“On August 15, AGL formally advised the minister for planning of its intention to withdraw the planning application for the Dollar Wind Farm,” the company said in a statement.
“Even considering the current and any future emissions trading environment, the economics of the project are less compelling as compared with other projects under investment consideration by AGL.
“Renewable energy is AGL’s core business and we will continue to explore and develop a diverse power generation portfolio including base, peaking and intermediate generation plants.”
The wind farm was to be built near the communities of Dollar, Meeniyan, Dumbalk, Foster and Stony Creek, in south Gippsland.
It would have contributed 79 megawatts to the Victorian Government’s target of producing 1000MW of wind energy by 2010.
