As the federal government grapples with talk of an energy crisis, two tech billionaires appear to be getting a ground-breaking deal done on Twitter.
Kiata’s new wind farm had its groundbreaking ceremony on Tuesday, marking the start of construction at the $75 million, 12- turbine facility.
Large price drops for wind and solar technologies offer countries a tremendous opportunity to develop a cleaner, more diversified, and more secure energy mix.
2017 is shaping up to be a “huge year” for the development of large-scale renewables in Australia, with up to 2,250 megawatts worth of new development under construction, according to information provided by the country’s Clean Energy Council this week.
South Australia’s energy grid suffered a power shortage during a heatwave in February with a backup generator failing to plug the gap.
Indonesia’s energy sector is making a tremendous transformation to complete energy independence, despite unique challenges of having the world’s fourth largest population spread over thousands of islands. In order to secure its energy supply, Indonesia is aiming to significantly reduce its oil consumption and replace it with local energy resources including coal, gas and renewables. It has set ambitious targets for this transformation and although renewables are not the only focus in these energy targets, the renewable energy sector is likely to experience a period of growth as a result of it.
To read the full Indonesia report as part of our Research Series, please download the PDF below.
Indonesia’s energy sector is making a tremendous transformation to complete energy independence, despite unique challenges of having the world’s fourth largest population spread over thousands of islands. Indonesia, formerly an oil-exporting nation and OPEC member, has long been reliant on oil in its energy mix but since the decline in its oil reserves it has been importing vast quantities of oil to make up the shortfall – instead of utilising its vast local energy resources. Indonesia has enormous reserves of coal and natural gas and is the world’s largest coal exporter. In order to secure its energy supply, Indonesia is aiming to significantly reduce its oil consumption and replace it with local energy resources including coal, gas and renewables. It has set ambitious targets for this transformation and although renewables are not the only focus in these energy targets, the renewable energy sector is likely to experience a period of growth as a result of it.
Indonesia has made commitments to reduce it greenhouse gas emissions and is focusing on the largest source of emissions currently – the land use and forestry sector. However, the share from the energy sector is expected increase and by 2030 it will be the biggest source of national emissions. There is clearly an opportunity to increase the use of renewables to mitigate these emissions.Growth in renewables in Indonesia will be primarily focused on geothermal energy and hydro. The wind and solar industries are still in their infancy. Indonesia has the resources to attract developers from within the country and internationally, particularly in the geothermal, hydro and bioenergy fields. Total investment in renewable energy in 2016’s first quarter came to $327 million and this will likely increase as the industry further develops.
To continue to read the full Indonesia report as part of our Research Series “The Future is Renewable: Targets and Policies by Country”, please click “Read More”.
Through early investment in renewable energy, South Australia has positioned itself as a leader within the renewable energy field. The state distinguishes itself from others as although there are significant reserves of fossil fuels present, their energy mix is not dependent on coal. South Australia’s energy generation is lead by natural gas, which is closely followed by wind power. The current renewable energy target in South Australia aims to increase the state’s renewable energy production to 50% by 2025 and achieve net-zero emissions by 2050. The state has also committed to an investment target of $10 billion in low carbon generation by 20251. This transition to clean energy has already begun to take place with the closure of a number coal-fired power plants in Port Augusta. As mentioned in the previous report, state wide blackouts have occurred in South Australia resulting from too many intermittent systems coupled with a severe storm and subsequently, a heatwave. This has resulted in some scepticism towards other states in Australia transitioning toward renewable energy. Despite this scepticism, the South Australian Government has implemented a number of programs and plans to promote investment in the renewable energy sector. Although recently South Australia has received criticism, hopefully with the continued development and research into renewable energy, the state is able to overcome these problems and achieve their long-term targets.
South Australia’s current energy mix consists of a large proportion of renewable energy, especially when compared to other Australian states. The recent decline in the generation of fossil fuels has positioned South Australia as the renewable energy
To continue to read the full South Australia, Victoria and New South Wales report as part of our Research Series “The Future is Renewable: Targets and Policies by Country”, please click “Read More”.
South Australia, Victoria and New South Wales all differ in their approaches to increase their renewable energy production. The three states currently have very different energy mixes, with both Victoria and New South Wales having a strong dependency on coal. Through early investment South Australia has positioned itself as a renewable energy leader with a particular focus on wind power. In contrast to this Victoria and New South Wales have only recently begun their shift to a more sustainable energy supply. However, despite their differences, the three states all share the same long-term target: net zero emissions by 2050. It will be interesting to observe how each state’s energy sector evolves into the future. Hopefully with the support of each other, and the federal government, the long-term targets are able to be achieved.
To read the full South Australia, Victoria and New South Wales report as part of our Research Series, please download the PDF below.
The renewable energy industry in Australia has been experiencing rapid growth recently and has been driving change in an energy system that has long been reliant on fossil fuels. However, in a nation where mining and fossil fuel production are some of the biggest and most influential industries, the renewable energy sector is faced with many challenges.
Lately, there has been a lot of political debate about Australia’s energy future, and the role that renewables should play in it, as politicians look to improve affordability and reliability of supply. The industry has experienced uncertainty about the country’s long-term energy and climate change policy direction, considering how much it has varied with the many changes in leadership over the past decade.Thankfully, there are currently policies and measures in place to ensure that renewable energy will continue to contribute to the energy mix into the future including the Large-scale Renewable Energy Target, which will see electricity generation from renewables almost double in the next few years.
Australia has an excellent renewable energy resource, with the greatest potential in wind and solar. Hydropower has long been responsible for the largest share of renewable generation but now the wind and solar industries are growing rapidly. To date, onshore wind has been the leader in the new renewables sector in Australia however a promising large-scale solar industry is starting to emerge as investors and utilities look to diversify their generation portfolios.
To continue to read the full Australia, Federal Level report as part of our Research Series “The Future is Renewable: Targets and Policies by Country”, please click “Read More”.