1. The state of play of renewables in Australia
Simon Corbell Renewable Energy Advocate

2. Role of the Renewable Energy Advocate
Present and explain Victoria’s renewable energy policies
Meet with project developers to attract investment and remove barriers
Advise government, industry and community

3. Victoria’s Renewable Energy Roadmap
Transforming Victoria’s generation stock towards renewable energy
Addressing barriers to distributed generation and storage
Victoria’s Renewable Energy Roadmap
Supporting households and communities to invest in renewable energy
Driving jobs and investment, particularly in regional Victoria
Image source: flaticon.com
Victoria’s Renewable Energy Action Plan

4. Renewable Energy Target (VRET)
25% renewable by 2020 > up to 1,500MW
40% renewable by 2025 > up to 5,400MW
Reverse Auction with contract for difference
Up to 11,000 jobs in construction
Up to $9 billion in new capital investment
Up to $2.5 billion in additional economic activity

5. First steps on renewable energy development - Renewable Certificate Purchasing Initiative
Mt Gellibrand Wind Farm
- 66MW contracted to Victorian Government
- Additional 66 MW to be constructed leveraging long term contract
30 MW Kiata Wind Farm
- Innovative community ownership model
100MW wind tender

6. First steps on renewable energy development - Renewable Certificate Purchasing Initiative
75 MW Large Scale Solar Tender
including 35MW solar tram initiative
Under evaluation

7. VRET Reverse Auction approach
Up to 1500 MW to be contracted by 2020
Combination of technology neutral and dedicated solar auction
Long term Contract for Difference
Evaluation criteria to include economic development and community engagement / shared benefit outcomes.
Reverse Auction offers opportunity for further targeted outcomes if approved by government – eg: storage / off shore wind

8. Critical role of state renewable energy auctions
State government contracts underpin investment in renewable energy projects in
814MW contracted to State Governments
1293MW contracted via long term retailer / corporate
500MW no long term contract (19%)
Long term contracts will remain central to renewable energy development in Australia

9. Source: AEMO Victorian Annual Planning Report June 2017

10. 100MWh grid scale storage tender
Targeted to support weak distribution and transmission lines in Western Victoria ( Bendigo and Horsham lines)
2 x 20 MW storage projects
Deployment by January 2018
Funding $25 million
Important trial of grid scale storage in Australia
Inform future decision making on proposed Generator Reliability Obligations

11. Pumped Hydro Feasibility Study
Investigating utilisation of mineshaft network in Bendigo for pumped hydro supported by solar generation.
Potential for 784kWh of generation
$150,000 from State and local government

12. Source: AEMO Energy Supply Outlook June 2017
AEMO Projected electricity supply adequacy after the closure of Hazelwood (base case)
Government Batteries includes the South Australian and Victorian battery storage initiatives.
Emergency generation includes South Australia’s plan to operate 200 MW of diesel generation for summer 2017–18, replaced by 250 MW of GPG for summer 2018–19.
Source: AEMO Energy Supply Outlook June 2017

13. What needs to be done to secure a strong, reliable and sustainable supply of energy?
Stronger transmission planning
Generator reliability obligation
Demand side response
Long term price signal for new generation investment CET? VRET

14. Reflect on this to discuss later today
Will there be a power outage in Victoria this summer, and if so, are renewables to blame?

15. Thank you Office of the Renewable Energy Advocate
PO Box 500 East Melbourne 8002
@SimonCorbell