New National Renewable Energy Strategy

Establishes a target of generating 20% of electricity from renewable sources by 2020, 12% of which (or 7,200MW) will be generated by wind farms.

Outlines two methods of achieving these ambitious targets: (1) 1/3 of the installed capacity, or 2,400MW, will be publicly funded and implemented by the New and Renewable Energy Authority, and (2) 2/3 of the installed capacity, or 4,800MW, will be achieved through private investments facilitated by government incentives.

Incentives for private investment outlined in this strategy include: long-term PPAs of 20-25 years; a feed-in tariff system; the establishment of a renewable energy fund to provide subsidies to make renewables more cost competitive; and the pre-allocation of 7600 square km of land for renewable projects.