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Renewable energy in NSW

Renewable energy in NSW. July 21 st 2014. Australian overview. Key energy market drivers: Falling energy demand Increased carbon constraints and aging coal power fleet Rising gas prices and network costs Energy market reform disjointed

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Renewable energy in NSW

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  1. Renewable energy in NSW July 21st 2014

  2. Australian overview • Key energy market drivers: • Falling energy demand • Increased carbon constraints and aging coal power fleet • Rising gas prices and network costs • Energy market reform disjointed • Australia has massive renewable energy opportunity underpinned by: • World leading resources • Established industry capability • Investment grade policy support • Culture of innovation & world leading R&D • Clean energy market is maturing as it drives toward at least 20% Renewable Energy Target by 2020.

  3. Benefits of Renewable energy • Diversify and decarbonise energy mix • New investment in energy infrastructure • Employment opportunities in rural and regional areas • Democratisation and competition in energy sector • Engage consumers in power production • Mitigate against rising gas prices

  4. Renewables in Australia - 2013

  5. State by State

  6. Solar PV deployment

  7. Solar PV in NSW

  8. NSW Wind Potential

  9. Market Outlook • Large deployment pipeline approved and ready • Future outlook will be determined by RET review outcome • ARENA & CEFC crucial to finance and demonstration • Consumer support for small scale systems remains strong • Long term economics look favourable • State governments can play a key role in attracting investment • Planning regime • Network access • Community engagement • Whole of government coordination and support

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