Cutting RET could bankrupt wind farms, energy companies warn

Government has been told it may face legal action if it cuts target, as it considers options presented by review

Cutting the renewable energy target could bankrupt existing wind farms and lead to legal action against the commonwealth government, energy companies have warned.

The government has long been divided over whether to pare back the scheme or close it down to all new entrants the two options being considered by its review, headed by the businessman and self-professed climate sceptic Dick Warburton. The review delivered its report on Friday.

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