Hydro Tasmania and the CLP Group own the renewable energy development company Roaring 40s Pty Ltd as a 50/50 joint venture. This business, based in Hobart, Tasmania, has a portfolio of wind farm projects in Australia and overseas of approximately 548 MW currently in operation or under construction.
Table 2 summarises the Roaring 40s’ portfolio. These projects demonstrate that Roaring 40s is on track to achieve its strategic business target of a minimum portfolio of 1000 equity MW of wind energy assets in Asia and Oceania by 2010. Beyond 2010, Roaring 40s will continue to develop its renewable energy portfolio throughout Asia and Oceania as well as investigating potential new markets for further renewable energy developments.