Australian gas squeeze bolsters Chinese turbine maker's southern push

Melbourne

AUSTRALIA'S soaring natural gas prices are driving up power tariffs on the world's smallest continent, boosting prospects for China's biggest wind turbine maker, which is already set to buy the biggest wind farm project in the southern hemisphere.

Goldwind Australia - the local unit of Xinjiang Goldwind Science & Technology Co - beat at least 10 rivals for the purchase of the site and permits to build the 530 megawatt (MW) Stockyard Hill project, sold last week by Origin Energy for A$110 million (S$114 million).