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ARENA
Presentation to ANCRE – Australia’s energy future
18 September 2012
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1. Renewable Energy – A Global Growth Industry
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Global Investment in Renewables
Annual Renewable Energy Investment
$ bi
llion
s
Global new investment in renewable energy increased 17% in 2011 to a new record of US$257 billion.
This chart shows the increase in investment in renewable energies including offshore wind, solar, biomass and waste, biofuels and heat from 2005 and expected investment increases to 2030.
Source: Bloomberg New Finance (2011)
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2. The Australian Renewable Energy Landscape
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Renewables in Australia’s energy mixRenewables in Australia’s energy mix
Australian Electricity Generation 2009-10
Percentage total of Australian Electricity Generation for 2009-10
Electricity generation from:
Black coal 52%
Brown coal 23%
Gas 15%
Renewable energy 9%
Renewable Electricity Generation
Hydro 63%
Wind 25%
Bioenergy 11%
Solar Photovoltaic 1%
Source: ABARES, Australian Energy Statistics (2011)
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Location of Renewable Energy Capacity
Map of Australia showing the location of Renewable Energy generators operating plants with capacity of more than 30 kilowatts. The map shows the locations of bagasse, landfill methane, solar, hydro, wind, sewerage methane generating plants.
Source: Bureau of Resources and Energy Economics (2012) Energy in Australia 2012
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State of the Industry – Profile
Revenue $2 billion
Annual Growth 07-12
10.8 per cent
Employment 13,150 people
Businesses 260
Table showing a profile of the renewable energy industry in Australia.
Revenue is worth $2 billion.
Annual Growth rate from 2007 to 2012 is 10.8 per cent.
Employs 13,150 people.
Business in operation: 260.
Source: IBIS World (2011) Renewable Energy Market Research
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Australia’s Renewable Resources: Solar
Map of Australia showing the annual average solar radiation and areas of existing solar power greater than 100 kW and less than 2000 kW.
Source: Geoscience Australia and ABARE (2010) Australian Energy Resource Assessment.
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Australia’s Renewable Resources: Solar
Map of Australia showing the annual average solar radiation and areas of existing solar power greater than 100 kW and up to 2000 kW.
Source: Geoscience Australia and ABARE (2010) Australian Energy Resource Assessment.
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Source: Geoscience Australia and ABARE (2010) Australian Energy Resource Assessment
Australia’s Renewable Resources: Wind
Map of Australia showing wind farms in operation.
The map indicates areas of wind speeds (m/second) as well as transmission lines. Some of the world’s best wind resources are along the south-western, southern and south-eastern margins.
Source: Geoscience Australia and ABARE (2010) Australian Energy Resource Assessment.
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Australia’s Renewable Resources: a Track Record of Innovation
Source: Professor Stuart Wenham, China: Threat or Opportunity? (2012)
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LCOEs for renewable energy technologies - 2012Levelised Energy Costs in 2012 and 2020
20122020
2012
2020
BREE, Australian Energy Technologies Assessment 2012
$/MWhr
Chart showing the Levelised Costs of Energy in 2012 and in 2020. This chart includes CCG, Wind, Solar and Bagasse.
Source: BREE, Australian Energy Technologies Assessment 2012
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3. ARENA’s Role
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ARENA - objectivesThe Basics
$3.2 billion in funding
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Strong Foundations
This picture depicts ARENA’s strong foundations from building on the legacy of ACRE and ASI, continuing to support projects underway and note the lessons from their delivery.
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Doing Business
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4. Funding Strategy
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Consultation Process
Greg Bourne, Chair of the ARENA Board, released the consultation draft of ARENA’s General funding strategy on 26 July 2012. The draft strategy has been developed and released to provide stakeholders with an opportunity to help shape how ARENA will design and implement its programs over the next three years. The consultation process has involved a series of meetings held with ARENA Board, CEO, staff and stakeholders. Meetings were held in Melbourne, Perth and Brisbane as well as additional meetings. Approximately 70 submissions were received on the draft general funding strategy.
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Consultation Findings
Stakeholders looking to ARENA for strategic leadership in addressing matters of policy and coordination across jurisdictions, especially with the Clean Energy Finance Corporation
Decisiveness and speed in decision-making
A flexible and innovative approach to the provision of financial assistance
Genuine partnership
Embrace a diversity of energy solutions
Importance of dispatchability to improve value for renewable energy
Make returns and reinvest in the industry
Knowledge sharing and protection of IP
A large scale solar hub or research park
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5. Next Steps
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Work Priorities
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Summary
Significant international investment…and local opportunity
ARENA is a key part to unlocking commercial financing
ARENA has an open approach - contact Greg Bourne or Ivor Frischknecht
