The company behind a planned wind farm on Brown Mountain has suspended the development amid continuing global uncertainty due to the coronavirus.
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In a statement released on Tuesday morning, November 3, Akuo Energy said COVID-19 continues to have a significant global impact on most, if not all, industries.
"The pandemic has placed extreme financial pressures on international organisations, causing increased uncertainty for all businesses," the company said.
Akuo Energy is headquartered in France, where the pandemic has been particularly severe and, as a result, impacted global operations.
"As a consequence of this increased business uncertainty, Akuo is currently not actively pursuing the Granite Hills Wind Farm project."
Stuart Macfarlane, CEO Australia, Akuo Energy said notice of the decision had been communicated to the NSW Department of Planning Industry and Environment (DPIE).
"Should we reactivate the project, we would seek agreement to recommence the development."
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