Wind energy technology firm, Windlab Systems, says ongoing uncertainty over Australia’s renewable energy policies is prompting it to turn to overseas markets for growth.
The privately held company, spun off from the CSIRO in 2003, will this week sign power purchase agreements for two of the largest wind farms in South Africa, one of the markets Windlab has targeted abroad.
The two sites, in the Eastern Cape and the west coast, will have a combined capacity of 226 megawatts and account for about a fifth of South Africa’s planned 1200 megawatts in wind energy capacity planned for the next three years, said Roger Price, Windlab’s chief executive officer. The country now has just 10MW in wind turbines installed.
Windlab says its ability to model atmospheric conditions and wind energy prospects gives it an edge over rival developers. After identifying the most promising sites, the company looks to secure access to land, maximise grid connection and turbine designs, and develop projects for investors.
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