The federal government has lifted a ban on investing in wind power.
In Malcolm Turnbull's first major break from former prime minister Tony Abbott's June decree, the Clean Energy Finance Corporation has been directed to include a focus on offshore wind technologies in its investment mix.
"There is a new investment mandate," a spokesman for Environment Minister Greg Hunt confirmed to AAP on Sunday.
The move is expected to boost the multi-billion dollar wind industry and inject renewed confidence into the renewable sector.
The Australian Conservation Foundation is encouraged by the news.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
"Wind and solar are our future. I think our government led by this prime minister can take the right action for our future," ACF head Kelly O'Shanassy said.
