RENEWABLE ENERGY IN NSW July 21 st 2014. AUSTRALIAN OVERVIEW Key energy market drivers: Falling energy demand Increased carbon constraints and aging coal.

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Presentation transcript:

RENEWABLE ENERGY IN NSW July 21 st 2014

AUSTRALIAN OVERVIEW Key energy market drivers: Falling energy demand Increased carbon constraints and aging coal power fleet Rising gas prices and network costs Energy market reform disjointed Australia has massive renewable energy opportunity underpinned by: World leading resources Established industry capability Investment grade policy support Culture of innovation & world leading R&D Clean energy market is maturing as it drives toward at least 20% Renewable Energy Target by 2020.

BENEFITS OF RENEWABLE ENERGY Diversify and decarbonise energy mix New investment in energy infrastructure Employment opportunities in rural and regional areas Democratisation and competition in energy sector Engage consumers in power production Mitigate against rising gas prices

RENEWABLES IN AUSTRALIA

STATE BY STATE

SOLAR PV DEPLOYMENT

SOLAR PV IN NSW

NSW WIND POTENTIAL DeveloperWind farmTurbinesCapacity AGL and Macquarie CapitalSilverton Stage 1282 x 1.05MW296.1 Epuron Pty LtdConroy's Gap15 x 2MW30.0 Epuron Pty Ltd White Rock Wind Farm (Glenn Innes)119 x 2MW238.0 Infigen EnergyBodangora33 x 3MW99.0 Infigen EnergyCapital 2 Wind Farm41 x 2.5MW102.5 OneWind AustraliaGlen Innes25 x 2.1MW52.5 Pamada Scone (Kyoto Energy Park)34 x 3MW102.0 RATCH Australia CorporationCollector55 x 3.35MW184.3 Wind Corporation AustraliaBlack Springs9 x 2.1MW18.9 Wind Prospect CWP (Continental Wind Partners)Sapphire159 x 2.05MW326.0

MARKET OUTLOOK Large deployment pipeline approved and ready Future outlook will be determined by RET review outcome ARENA & CEFC crucial to finance and demonstration Consumer support for small scale systems remains strong Long term economics look favourable State governments can play a key role in attracting investment Planning regime Network access Community engagement Whole of government coordination and support

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