Australia set for ‘huge year’ in large-scale renewables

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
CEC chief executive Kane Thornton said: “We are set for a huge 2017.” Credit: AGL

Investment confidence has rebounded in Australia's utility-scale renewables with more than 20 projects under or about to start construction this year, according to analysis from the Clean Energy Council (CEC).

With works to get underway on more than 2,250MW of projects, attracting AU$5 billion (US$3.8 billion) investments, CEC chief executive Kane Thornton said: “We are set for a huge 2017.”

The 11 solar projects, two hybrid solar and wind projects, and eight standalone wind projects are also expected to create 3,000 direct jobs.

Thornton added: “This investment is occurring due to the extraordinary cost reductions achieved in renewable energy, underpinned by the bipartisan support for the 2020 Renewable Energy Target (RET) as well as support from the Australian Renewable Energy Agency, the Clean Energy Finance Corporation and various initiatives of state and territory governments.”

His claim that investors are flocking back to the renewable energy sector is particularly significant given that the industry came to a halt during uncertainty over the RET back in 2015 and even once the target was finally agreed upon, commentators still feared that it would take time for investor confidence to return. Thornton said that actions from State and territory governments had been critical to restoring this confidence.

The most large-scale activity will be in Queensland and New South Wales, with projects also coming up in South Australia and Victoria.

Multiple large-scale PPAs have also been signed in Australia over recent weeks.

Technology State developer project (MW) investment (AU$ million)
Solar QLD Sun Metals 100 155
Solar QLD ESCO pacific 135 225
Wind/Solar QLD Windlab 40 120
Solar QLD Genex 50 126
Solar QLD FRV 100 190
Solar QLD FRV 100 400
Solar SA Snowy Hydro 100 200
Solar NSW Neoen 110 230
Solar WA APA 20 50
Wind/Solar SA EDL 4 37
Solar QLD Sunshine Coast 15 50
Solar NSW Goldwind 10 26
Solar QLD Conergy 10.8 42.5

However, campaign group Solar Citizens claimed state governments have started to be affected by attacks on renewables by some media outlets, energy bodies and parts of the Federal govenmentm, which also controversially blamed increasing penetration of renewables for power cuts in South Australia, despite evidence that they were not the cause.

Renewables baiting spreads to UK

Even UK trade union GMB today called for “urgent inquiries” into the UK energy mix, claiming that four major power cuts in Australia over the last few months had all been caused by renewables.

Justin Bowden, GMB National Secretary for the Energy Sector, said: “The same changes from fossil fuels to renewable sources is taking place in the UK so it is essential that lessons are learnt from these power cuts in Australia.”

However, back in Australia, Claire O’Rourke, national director of Solar Citizens, said: “Media reports indicate that the Federal Government were told, in no uncertain terms, that renewable energy was not the cause of a major blackout in South Australia in September, extreme weather was.

“The Prime Minister and the Deputy Prime Minister have actively lied in interviews and statements since – all the facts were thrown overboard to suit their ideological and economically reckless positions on Australia’s future energy system.”

In contrast to the barrage of attacks on renewables from various media outlets and energy bodies, Thornton also said: “This new wind and solar power will help our system cope during periods where everyone is using electricity. As we saw in New South Wales during the heatwaves a few days ago, every generator counts when the heat is on.”

Long-term polcy clarity needed

Thornton also said: “Our economy is set to reap the benefits through a massive increase in activity between now and the end of the decade.

“However, clarity on long-term energy policy and support for renewable energy beyond 2020 will be essential to ensure these levels of investment are sustained.”

However, campaign group Solar Citizens claimed that the Federal government has “failed to deliver any coherent plan for Australia’s 21st Century energy”.

Solar Citizens added that the nation needs new rules to boost distributed energy and energy storage such as home solar with batteries and microgrids.

Read Next

June 30, 2022
The Australian Energy Market Operator (AEMO) has revealed its 2022 Integrated System Plan (ISP), laying out a 30-year roadmap that plots the transition to net-zero and identifies upcoming investments in the National Electricity Market (NEM), which covers the populous south and east of the country.
June 24, 2022
The Australian Energy Market Operator has restored wholesale market in all regions of Australia after suspending it more than a week ago.
June 24, 2022
The Australian Centre for Advanced Photovoltaics (ACAP) has received funding from the country’s new government to continue its solar research activities until 2030.
June 24, 2022
A project in Australia that could feature up to 17–20GWp of solar and 36–42GWh of energy storage has been categorised as investment ready by a government agency.
June 22, 2022
Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.
PV Tech Premium
June 22, 2022
Australia’s solar sector is poised to accelerate deployment as the country’s new government vows to unlock renewables investment, upgrade the grid and bring federal policy more in line with states and territories.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event