WA’s Synergy to bring in Dutch fund

http://reneweconomy.com.au/synergy-...ail&utm_term=0_46a1943223-fc41de70ac-40367825

The West Australia government owned electricity provider Synergy is making a belated move to meet its renewable energy target obligations, reportedly bringing in a Dutch investment fund to help bankroll investments in new wind and solar farms.
WA energy minister (and treasurer) Ben Wyatt this week approved plans for Synergy to create a green power fund, and bring in institutional investors – in much the same way that AGL Energy did with its Powering Australian Renewables Fund (PARF).

However, the move is not without controversy, as some independent developers were preferring to get contracts with Synergy, and fund the developments themselves. They fear they may be crowded out of the market by this new fund.

This should prove interesting for CCE.......... another day another challenge