Australia Renewables Report

Published 29 July 2015

  • 41 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Australia Renewables Report

BMI View: A small revival in Australia's renewables industry aligns with our view that the recent deal on the country's RET is broadly a positive for the ind ustry - providing some policy clarity. The future of the sector remains far from stable however, given the government's proposals to restrict funding for certain renewables technologies. This continues to clouds our 10-year growth forecasts for the industry, threatening project financing and our 'brightspot' outlook for the residential solar sector.

Since assuming office in September 2013, Prime Minister Tony Abbott and the Liberal-National coalition have taken several divisive steps to scale-back or repeal emissions reduction and green energy policies. In July 2014, the Abbott administration abolished the carbon tax scheme, which was one of the mechanisms supporting the growth of renewable energy. Following that, the government announced that it would review and amend the country's renewable energy target (RET), which is the main policy tool encouraging investment into the renewable energy sector. Although a deal has now been reached concerning the RET, which provides some stability, the future of the sector remains volatile and government proposals to restrict funding via the Clean Energy Finance Corporation (CEFC) further clouds our growth forecasts for the industry.

Key Trends And Developments

  • It was announced in mid-July 2015 that the government released a directive banning the CEFC from supporting wind power projects, and instead mandating the USD7.5bn fund to focus on 'emerging technologies'.

  • In May 2015, the Australian government and the Labor party reached a deal on the RET - setting it at 33TWh by 2020 - is widely viewed as a positive for the renewable energy industry in Australia, despite the fact it represents a reduction of the original target.

  • Total investment into large-scale renewable energy in Australia totalled USD240mn during 2014, representing an 88% drop from 2013 and marking...

BMI Industry View
5
SWOT
7
Industry Forecast
9
Australia Renewables Forecast Scenario
9
Table: Total Electricity Generation Data And Forecasts (Australia 2013-2018)
9
Table: Total Electricity Generation Data And Forecasts (Australia 2019-2024)
10
Table: Electricity Generating Capacity Data And Forecasts (Australia 2013-2018)
12
Table: Electricity Generating Capacity Data And Forecasts (Australia 2019-2024)
13
Australia Renewables Projects Database
19
Table: Major Projects - Renewables
19
Industry Risk Reward Index
24
Australia Renewables Risk/Reward Index
24
Rewards
24
Risks
25
Market Overview
26
Sustainable Energy Policy And Infrastructure
26
Targets (Renewables And Emissions)
26
Subsidies
28
Table: Renewable Feed-In Tariffs In Australia, 2012
28
Table: New Solar Credits Mechanism Multiplier
30
Infrastructure
30
Competitive Landscape
31
Hydro Tasmania
31
AGL Energy
32
Pacific Hydro
32
Origin Energy
32
Solar Systems
33
Glossary
34
Table: Glossary Of Terms
34
Methodology
35
Methodology And Sources
35
Industry Forecast Methodology
35
Sources
37
Risk/Reward Index Methodology
37
Table: Renewables Risk/Reward Index Indicators
39
Table: Weighting Indicators
40

The Australia Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Australia. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Australia, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Australia, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Australia Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Australia renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Australia to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Australia renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Australia, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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