The Albanese government is considering emergency support for struggling wind farm projects, which could allow them to rewrite existing contracts to get more taxpayer funding as it scrambles to hit its end-of-decade clean power target.
The projects, which are backed by Labor’s multibillion-dollar renewables underwriting scheme, are struggling to reach financial close and begin construction, as rising costs, interest rates and a lack of long-term buyers for their power scuttle their business case.
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