Conergy Unit Plans $2.7 Billion Australian Wind Farms

A unit of Conergy AG, the German solar power company, said it plans three wind farms in Australia estimated to cost as much as $2.7 billion that will proceed if the government does more to spur clean energy investment.

The wind power developments in New South Wales state proposed by Conergy’s Epuron Pty unit depend on the expansion of Australia’s renewable energy target and the introduction of a price on carbon emissions, Andrew Durran, Epuron’s executive director in Sydney, said today in a phone interview.