Original article by Joanna Heath, Lucille Keen
The Australian Financial Review – Page: 4 : 24-Oct-14

Keppel Prince is to close its wind turbine division, which will result in 100 job losses. The retrenchments are the first to arise from the Australian Government’s review of the renewable energy target (RET). Keppel Prince’s Steve Garner says no orders for wind turbines have been received in 14 months, which would not have been the case had the RET be left unchanged. The sackings came one day after Industry Minister Ian Macfarlane said the Government will pursue a close to 40 per cent drop in the RET in absolute terms

CORPORATES
KEPPEL PRINCE ENGINEERING PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PACIFIC HYDRO LIMITED, INDUSTRY FUNDS MANAGEMENT PTY LTD, IFM RENEWABLE ENERGY PTY LTD, ALCOA INCORPORATED – ASX AAI