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The Australian Wind Energy Association
Clean Power. Clean Air.
Australian Wind Energy Market
UpdateAndrew Richards
President, Auswind
EWEC 06Athens
Growth and development of the Australian wind energy
industry
0
100
200
300
400
500
600
700
800
Installed MW
2001
2002
2003
2004
2005
Australian wind energy capacity:
cumulative growth 2001-2005
Current industry statusInstalled megawatts 708
Average number of Australian households powered by wind energy
301,490
Number of wind farms (2 or more turbines) 28
Annual greenhouse gas emissions displaced by total projects
2.8 million tonnes CO2
Equivalent number of cars off the road each year by total projects
651,720
Landholder lease payments $A2.2 million
Operations and maintenance costs $A17.8 million
Total capital investment $A1.2 billion
Manufacturing jobs 345
Construction jobs 374
Operations, maintenance & administration jobs 120
Other jobs (project development, engineering and finance) 157
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)
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
Framework of Australian governments
AUSTRALIAN FEDERAL GOVERNMENT(national climate change policy and energy strategy)
STATE GOVERNMENTS(energy utilities, state energy strategy, state climate change policy, planning authority)
LOCAL GOVERNMENTS(some planning authority, community consultation, local development plans)
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
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
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.
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
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