Australia Power Report 2015 - Business Monitor International - Industry Reports

Australia Power Report 2015

Australia Power Report 2015 - Business Monitor International - Industry Reports
Australia Power Report 2015
Published Aug 15, 2015
62 pages — Published Aug 15, 2015
Price US$ 1,295.00  |  Buy this Report Now

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In July ----, Australian wind energy development company Windlab proposed building a -.-GW wind and solar power project near Hughenden, at northern Queensland, Australia, instead of a coal-fired power plant at the same site. The renewable energy facility, called Kennedy Energy Park, will comprise a ---MW wind farm and a ---MW solar photovoltaic farm. selling about half of its electricity transmission assets in order to fund major transport infrastructure upgrades. State Treasurer Andrew Constance said the government was looking to sell electricity transmitter Transgrid and half stakes in power retailers Ausgrid and Endeavour Energy, should the government win an election scheduled for March ----. The Australian Capital Territory government has awarded power purchase agreements (PPAs) in February ---- to about ---MW of projects after a large-scale reverse wind energy auction. ...In April ----, the state of New South Wales announced plans to sell the state s electricity network for an expected AUD--bn, assuming it gains a mandate at the next state election in ----. If the sale goes ahead, it will be triple the size of any other single sale of electricity or gas assets in

...BMI View: Despite being a mature market Australian power sector is still growing, driven by strong demand. Although BMI believes renewables will be the fastest growing power source in Australia, policy changes have led BMI to downgrade its renewable forecast. ...Demand for electricity remains strong, but is considerably less than what was anticipated at the end of the last decade due to de- industrialisation and greater energy efficiency. Moreover, consumers are responding to the incentives created by the government s commitment to renewable energy, by generating their own electricity from off- grid solar energy rather than consuming electricity from the grid derived from traditional sources of energy such as coal and gas. Repealing the carbon tax in ---- will have a positive impact on the growth of thermal technologies such as coal and gas. ...Since assuming office in September ----, 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. This has hit investor confidence hard, evidenced by the announcement by Bloomberg New Energy Finance (BNEF) that total investment into large-scale renewable energy in Australia dropped -- in ---- from the previous year, to USD---mn.

...The ongoing switch towards off-grid solar, as well process of deindustrialization and increasing energy efficiency, has weakened demand for electricity from the grid and created an oversupply. Overinvestment in poles and wires, combined with consumers move off grid, is squeezing the profits of conventional providers of electricity. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Australia Power Report 2015" Aug 15, 2015. Alacra Store. Oct 21, 2016. <>
Business Monitor International - Industry Reports. (2015). Australia Power Report 2015 Aug 15, 2015. New York, NY: Alacra Store. Retrieved Oct 21, 2016 from <>
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