Verve Drops Warradarge Windfarm Development in Australia Amid Uncertain Reneawable Energy Future

PERTH, AUSTRALIA--November 26, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Verve Energy Limited (Perth, Western Australia), Western Australia's major electricity provider, announced the dismissal of future development related to the Warradarge windfarm project, citing current market conditions and the flux surrounding the renewable energy market in Australia. Verve Energy disbanded the Warradarge project team and may switch employees to other parts of the businesses. Sources also say that as many as 15 employees working with the renewable energy development team could be laid off.

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