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Renewable Energy in Australia
Datamonitor, Jan 2011, Pages: 109
Introduction
Currently, there are roughly as many drivers to renewable energy development in Australia as there are barriers. Australia's renewable energy market offers great opportunities due to its tremendous natural resource availability. For now, however, Australia will continue to be largely reliant upon governmental incentives and regulatory frameworks to increase its renewable energy development.
Features and benefits
- Analysis of installed capacities and generation output for the main sources of renewable energies across Australia, at a national level and by state.
- A detailed identification of the key drivers and barriers shaping these markets, and the likely growth potential of each renewable technology.
- An examination of new technology introductions and innovations, and future areas of opportunity for manufacturers and power providers.
Highlights
- Australia has weathered the global recession well and its economic indicators are set for growth. Aging energy infrastructure and assets, however, will need to be replaced and voters' climate change concerns taken into account.
- Australia's renewable energy development has been relatively sluggish, but recent federal and state level incentives, particularly the Renewable Energy Target, could give developers a great boost. Especially wind and solar power sectors are forecast to grow strongly in the coming years.
- Despite governmental funding, it is estimated that around A$45bn of private investment will be required to develop the 20GW of renewable energy capacity that is currently under development. In order to meet the Large-scale Renewable Energy Target (LRET) requirements by 2020, around 14GW of new renewable energy capacity need to be installed.
Your key questions answered
- Assess the state and future outlook for renewable energies in Australia
- Determine how different elements of Australian legislation and wider market trends are influencing the development of the main renewable energy market
- Understand how renewable energy strategies are likely to evolve and how your company should interact with Australia’s renewable energy market
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