Turnbull govt backs wind farm investment
The federal government has lifted a ban on investing in wind power.
In Malcolm Turnbull's first major break from former prime minister Tony Abbott's June decree, the Clean Energy Finance Corporation has been directed to include a focus on offshore wind technologies in its investment mix.
"There is a new investment mandate," a spokesman for Environment Minister Greg Hunt confirmed to AAP on Sunday.
The move is expected to boost the multi-billion dollar wind industry and inject renewed confidence into the renewable sector.
The Australian Conservation Foundation is encouraged by the news.
"Wind and solar are our future. I think our government led by this prime minister can take the right action for our future," ACF head Kelly O'Shanassy said.
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