In doing so Mr Abbott has sent a clear message to the mendicant green renewable energy sector that there will be no more cheap state-supplied financing for its projects.
Fairfax Media reports Mr Abbott's conservative coalition government has ordered the taxpayer-funded $10 billion Clean Energy Finance Corporation (CEFC) to immediately cease any new investments in wind power projects. Treasurer Joe Hockey and Finance Minister Mathias Cormann issued the so-called green bank with a directive to change its investment strategy.
The funding ban is just the latest salvo in the government's attacks on the renewable energy sector which also includes small-scale solar projects.