RoadtotheRenewableEnergyTargetHowQueenslandistrackingandopportunitiesonthejourneytothe2020target

Mary-AnneWilson,A/gExecutiveGeneralManager

Agenda• Schemeoverview

• Small-scaleRenewableEnergyScheme

• Large-scaleRenewableEnergyTarget

• OpportunitiesintheLarge-scaleRenewableEnergyTarget

• Marketoutlook

• Questions

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Ourpurpose: acceleratingcarbonabatementforAustralia

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Schemeoverview

4

RenewableEnergyTarget

• encouragessmall-scalerenewableenergysysteminstallations

• uncapped

• certificatescreatedonexpectedgeneration

• doesnotcontribute tothe2020target

Small-scale Large-scale• encouragesnewinvestmentin

large-scalerenewableenergy

• 33millionmegawatthoursofadditionalelectricityfromrenewablesourcesby2020

• certificatescreatedonactualgeneration

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Supplyanddemand

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Achievementsin2015

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In 2015, total generation capacity of large-scale solar almost tripled from capacity in 2014.

Legislativechange

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• Newtargetof33000GWhhasprovidedpolicycertainty

• Newannualstatementreportsonprogresstowardthe2020target

Small-scaleRenewableEnergyScheme

Small-scaleRenewableEnergyScheme

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0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

2011 2012 2013 2014 2015 2016

Australia QLD

Large-scaleRenewableEnergyTarget

QLDcontributiontolarge-scalegeneration

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0

2000000

4000000

6000000

8000000

10000000

12000000

14000000

16000000

18000000

20000000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Eligiblegeneration(M

Wh)

Total

QLD

CurrentinstalledcapacitybyfuelsourceinQLD

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* Includes co-fired landfill gas and natural gas power stations

Fuelsource Installedcapacity(MW)

Wind 12Agriculturewaste,foodwaste,wastefromagricultureproducts 4

Bagasse 465

Hydro 166

Landfillgas 513*

Solar 12Sewagegasandbiomassbasedcomponents ofsewage,municipalsolidwaste 1

Total 1173

OpportunitiesintheLarge-scaleRenewableEnergyTarget

Commercialandindustrialsolar

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84

963

2,6622,913

5,789

6,834 6,967

1,512

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2009 2010 2011 2012 2013 2014 2015 2016

Australia

Large-scaleRenewableEnergyTarget

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Large-scalegenerationcertificatespotprice

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Marketoutlook

Progressin2016

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• 2015AnnualStatementfoundadequateprogresstowardsthe2020targetattheendof2015

• 3000MWneedstobecommittedin2016• Asof15Julyweareconfident that1140MWcapacityisorsoonwillbe

committed

• 6000MWofnewbuildrequiredtosupplytomeetbothstatutoryandvoluntarysourcesofdemand

Renewableprojects

Solarcapacity (MW) Windcapacity(MW)

Committed 76 298

Likelytobecommitted 100 669

Planning approval >4500 >7000

Queensland

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Solarcapacity (MW) Windcapacity(MW)

Committed 50 -

Likelytobecommitted 100 170

Planning approval 3700 300

National

Conclusion

• QLDcurrentlyleading thecountryfornationwide installs

• SolarPVmarketinQLDstartingtoshift tomorecommercialandindustrialsizedsystems

Small-scale Large-scale• Opportunity withastrongLGC

pricesignaland4000MWofprojectswithplanningapprovalinQLD

• 3700MWofsolarprojectsinthepipelineshowsagrowingpreferenceforlarge-scalesolar

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Questions?

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