Australia Renewables Report - Business Monitor International - Industry Reports

Australia Renewables Report

Australia Renewables Report - Business Monitor International - Industry Reports
Australia Renewables Report
Published Sep 24, 2016
35 pages — Published Sep 24, 2016
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Abstract:

Australian government and the Labor party did reach a bipartisan deal on the RET - setting it at --TWh by ----. The various alterations resulted in a very unstable policy environment for renewable energy and led to an unfavourable investment climate; with investor confidence notably low, as developers avoided the market for fear of policy alterations. ...Australian government and the Labor party did reach a bipartisan deal on the RET - setting it at --TWh by ----. The various alterations resulted in a very unstable policy environment for renewable energy and led to an unfavourable investment climate; with investor confidence notably low, as developers avoided the market for fear of policy alterations. In fact, a number of companies held off investing in the sector, or pulled out of projects entirely. ...Non-hydro renewables capacity will total just under --.-GW by ----, up from --.-GW in ---- - or around --.- of total capacity by the end of the current forecast period. In terms of generation, non- hydro renewables will continue to hold a small share, accounting for less than - of total electricity generated in the country throughout the forecast period.

...While the Australian Renewable Energy Agency (ARENA) has allocated grants worth AUD--mn (USD--.-mn) to -- projects totalling ---MW under its solar funding round, we note that the government has cut ARENA s funding for the next five years by AUD---mn (USD---.-mn), in an effort to fix a AUD-bn (USD-.--bn) ...This could slow the realisation of projects in the pipeline. In July ---- one of the leading domestic energy retailers AGL Energy announced it had set up an AUD-bn to AUD-bn renewable energy fund, with Australia s sovereign wealth fund and a Queensland government-owned fund. The Powering Australian Renewables Fund will reportedly developing around -,---MW of renewable energy which could provide a significant upside to our current forecasts for the sector. ...The Powering Australian Renewables Fund will reportedly developing around -,---MW of renewable energy which could provide a significant upside to our current forecasts for the sector. At present we are maintaining our forecasts for non-hydropower renewables capacity growth of -.- in ----, to reach --.-GW, while generation will increase at a similar rate to reach --.--TWh - around -.-- of total electricity generated in Australia.

...Since first assuming office in September ----, Ex-Prime Minister Tony Abbott and the Liberal-National coalition took several divisive steps to scale-back or repeal emissions reduction and green energy policies, for example the carbon tax scheme (which was abolished in July ----) and the renewable energy target (RET). Under the new Prime Minister, Malcolm Turnbull we believe Australia s green energy policy will remain largely the same. ...

  
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Document ID
2050-7674
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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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MLA:
Business Monitor International - Industry Reports. "Australia Renewables Report" Sep 24, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Renewables-Report-2026-1470>
  
APA:
Business Monitor International - Industry Reports. (2016). Australia Renewables Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Renewables-Report-2026-1470>
  
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