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The Australian Wind Energy Association Clean Power. Clean Air.

The Australian Wind Energy Association Clean Power. Clean Air. Australian Wind Energy Market Update Andrew Richards President, Auswind EWEC 06 Athens. Growth and development of the Australian wind energy industry. Australian wind energy capacity: cumulative growth 2001-2005.

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The Australian Wind Energy Association Clean Power. Clean Air.

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  1. The Australian Wind Energy Association Clean Power. Clean Air. Australian Wind Energy Market Update Andrew Richards President, Auswind EWEC 06 Athens

  2. Growth and development of the Australian wind energy industry Australian wind energy capacity: cumulative growth 2001-2005

  3. Current industry status

  4. Competitive Market • In Australia, wind energy projects create two commodities: energy and renewable energy certificates (RECs) • Both are subject to a national, open access, highly competitive market • Australia produces some of the cheapest wind energy in the world (but competing against very cheap coal)

  5. Changing Australian marketplace: 2005-06 • Sale of Southern Hydro to Australian Gas Light (AGL) for $A1.425 billion • Takeover battle between Investment Funds Management and Acciona for Pacific Hydro • Babcock and Brown Wind Partners launched “cleantech” fund • Hydro Tasmania and CLP Power Asia embarked on joint venture – Roaring 40s Renewable Energy Pty Ltd • Alinta positioning to take a great role in the sector

  6. Framework of Australian governments

  7. Australian Government Initiatives • Primary market growth: the Mandatory Renewable Energy Target (MRET) • 2% target by 2010 • 1998 National Greenhouse Strategy • $1.8 billion climate change strategy • Renewable Energy Action Agenda • Target of annual renewable energy sales of $4 billion per annum by 2010 • 2004 White Paper on Energy and the Environment

  8. Asia-Pacific Partnership on Clean Development and Climate • Partnership announced in 2005 and inaugural meeting held in January 2006 • Australian Government committed $25 million for renewable energy projects over 5 years • 4 of the 6 nations are already part of the top 10 wind energy nations in the world • 5 of the 6 nations are expected to unlock major wind energy potential by 2020 • Potential for renewable energy alliances with partnership nations

  9. Council of Australian Governments • Recently launched its Plan for Collaborative Action on Climate Change. • Agreed the need to “reassess the Australian Agenda with a view to extending agreement on policy principles, planning faster more ambitions transition to sustainable low emissions and lifestyles and setting and agenda for action.” • Specifically asked for; • the completion by end 2006 of a national framework for the take up of renewable and low emission technologies, • the completion by mid 2006 of an acceleration of existing work by Ministerial Councils on emissions reporting and development options for strengthened reporting approaches.

  10. State policy leaders Victoria • 10% renewable energy target by 2010 • 1000 MW by 2006 • Market-based renewable energy scheme by January 2007 • Wind Energy Support Package • Renewable Energy Support Fund South Australia • 20% renewable energy target by 2014 (increased in 2006 from 15% • Australian leader of wind and solar power generation by 2014

  11. Current development • Close to 6,000 MW of wind energy projects in feasibility stages of development • These projects collectively generate: • $10 billion in capital investment • $19 million in landholder lease payments • approximately 8,000 jobs • enough electricity for more than three million households

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