Research and Markets (http://www.researchandmarkets.com/research/2b6kth/australia_renewabl) has announced the addition of the “Australia Renewables Report Q4 2012”report to their offering.
July 1 2012 saw the introduction of carbon tax in Australia – a move that sets the stage for a wave of renewable energy growth in Australia.
The author believes that wind energy will continue to dominate the country’s renewable mix to 2021, despite growing at a slower rate than solar energy.
The development of renewables in Australia will be dependent on state-level policies; however, the pace of development leaves us unsure if the country will achieve it target of generating 20% of its electricity from renewable energy by 2020.
The author forecasts Australia’s non-hydro renewables generation will reach 7.4 terawatt hours (TWh) in 2012, equivalent to real year-on-year (y-o-y) growth of 6.6% from our 2011 estimate of 6.9TWh.
Wind energy will make up over 60% of 2012’s non-hydro renewable generation, despite growing at a slower rate than solar energy.
Between 2012 and 2021, the author forecasts non-hydro renewables generation to register annual average real growth of 8.7%.
The author forecasts wind energy generation to account for just over 70% of 2021’s non-hydro renewable generation, which we believe will total 15.9TWh.
This is an increase from 2012’s anticipated 61.2% of 7.4TWh.
The key trends and regulatory changes in the Australian renewables industry are:
Carbon Tax Scheme – Australia’s parliament passed a carbon tax scheme in July 2012, which could greatly enhance the economic competitiveness of renewable energy relative to thermal energy.
Under the scheme, 294 of the country’s top greenhouse gas emitters will have to pay AUD23 (US$23.1) per tonne of carbon dioxide (CO2) emissions annually.
Plans to build the 150MW Moree solar PV farm were cancelled in February 2012, after the consortium developing the project failed to secure a power purchase agreement.
Wind farm development regulations were proposed in the states of New South Wales and South Australia in late 2011 and early 2012.
These proposed regulations introduce a number of new legal and planning requirements, including a minimum 2km distance of turbines from residential areas.
– Hydro Tasmania
– AGL Energy
– Origin Energy
– Solar Systems
For more information visit http://www.researchandmarkets.com/research/2b6kth/australia_renewabl