New Zealand Renewables Report - Business Monitor International - Industry Reports

New Zealand Renewables Report

New Zealand Renewables Report - Business Monitor International - Industry Reports
New Zealand Renewables Report
Published Aug 27, 2016
36 pages — Published Aug 27, 2016
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Abstract:

� Business Monitor International Ltd Page - be just short of -- of the country s total non-hydropower renewables generation, followed by wind (--.- ), biomass (-.- ) and solar (-.- ). As wind and geothermal growth in the past years and a rising number of residential solar installations have led to a state of oversupply in the country s power sector, the retirement of the country s fossil fuel plants are considered crucial in providing incentives for new projects. ...Genesis announced it had entered a contract with several other electricity generators to share the costs. Hence, with the exception of ---- we do not expect any larger amounts of non-hydro renewable capacity to enter the market over the next five years, particularly since the averted possibility of a supply shortage does not exert pressure on the market to develop new projects in the near future. Mighty River Power/Mercury s announcement from mid----- that the company does not plan any new projects but rather seeks to increase efficiency levels at existing ones in order to meet any increased demand can be seen in light of these developments. ...Both trends have received some slight downward revision due to the extension of fossil fuel plants until ---- and generally unfavourable electricity demand trends. At the end of this period, we expect non- hydro renewable power s share in electricity generation to have risen from --.- to --.- .

...For ---- and ----, we expect the non-hydro renewable capacity market to stagnate at growth levels of about -.- . In our ---year forecast until ----, non-hydro capacity is expected to only grow by an average of -.- and non-hydro generation by a similar -.- . ...In our ---year forecast until ----, non-hydro capacity is expected to only grow by an average of -.- and non-hydro generation by a similar -.- . In July ----, New Zealand s Electricity Authority ruled that the residential solar tax (an additional fee for connecting solar installations to the grid) was lawful, with potentially negative implications for the pace and scope of future residential solar installations. In April ----, New Zealand s largest electricity company Genesis announced the extension of operation at the Huntly power plant until ---- to prevent a potential undersupply. ...The issue of including the agriculture sector in the ETS scheme was left out of the consultation document, but has been raised by the Treasury in July ----.

...Energy powerwall at a South Auckland primary school, which will be charged from the school s roof solar panels. An additional --- batteries are planned to be rolled out across Auckland. ...

  
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Document ID
2058-6477
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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. "New Zealand Renewables Report" Aug 27, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Renewables-Report-2026-1748>
  
APA:
Business Monitor International - Industry Reports. (2016). New Zealand Renewables Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Renewables-Report-2026-1748>
  
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