Synergy is planning to build a wind farm similar to this one owned by AGL.

Renewables await policy clarity

A decision on how to best fund Synergy’s renewable energy responsibilities will be among the factors that determine which of the $1.6 billion worth of solar, wind, biomass and wave projects get the go-ahead in Western Australia.

Under the federal government’s renewable energy target legislation, power retailers need to buy a number of large-scale generation certificates (LGC) from renewable generators, with the certificates representing one megawatt hour of power each.

The system effectively acts to subsidise renewables to cut carbon emissions.


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Total revenue

1st-Gold Corporation$9.01bn
4th-Water Corporation$2.72bn
5th-Western Power$1.84bn
32 state government businesses ranked by total revenue - this year

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