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ARENA

ARENA. Presentation to ANCRE – Australia ’ s energy future. 18 September 2012. 1. Renewable Energy – A Global Growth Industry. Global Investment in Renewables. Annual Renewable Energy Investment. $ billions.

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ARENA

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  1. ARENA Presentation to ANCRE – Australia’s energy future 18 September 2012

  2. 1. Renewable Energy – A Global Growth Industry

  3. Global Investment in Renewables Annual Renewable Energy Investment $billions Global new investment in renewable energy increased 17% in 2011 to a new record of US$257 billion. This chart shows the increase in investment in renewable energies including offshore wind, solar, biomass and waste, biofuels and heat from 2005 and expected investment increases to 2030. Source: Bloomberg New Finance (2011)

  4. 2. The Australian Renewable Energy Landscape

  5. Australian Electricity Generation 2009-10 Renewables in Australia’s energy mix Renewables in Australia’s energy mix Percentage total of Australian Electricity Generation for 2009-10 Electricity generation from: Black coal 52% Brown coal 23% Gas 15% Renewable energy 9% Renewable Electricity Generation Hydro 63% Wind 25% Bioenergy 11% Solar Photovoltaic 1% Source: ABARES, Australian Energy Statistics (2011)

  6. Location of Renewable Energy Capacity Map of Australia showing the location of Renewable Energy generators operating plants with capacity of more than 30 kilowatts. The map shows the locations of bagasse, landfill methane, solar, hydro, wind, sewerage methane generating plants. Source: Bureau of Resources and Energy Economics (2012) Energy in Australia 2012

  7. State of the Industry – Profile Table showing a profile of the renewable energy industry in Australia. Revenue is worth $2 billion. Annual Growth rate from 2007 to 2012 is 10.8 per cent. Employs 13,150 people. Business in operation: 260. Source: IBIS World (2011) Renewable Energy Market Research

  8. Australia’s Renewable Resources: Solar Map of Australia showing the annual average solar radiation and areas of existing solar power greater than 100 kW and less than 2000 kW. Source: Geoscience Australia and ABARE (2010)Australian Energy Resource Assessment.

  9. Australia’s Renewable Resources: Solar Map of Australia showing the annual average solar radiation and areas of existing solar power greater than 100 kW and up to 2000 kW. Source: Geoscience Australia and ABARE (2010)Australian Energy Resource Assessment.

  10. Australia’s Renewable Resources: Wind Map of Australia showing wind farms in operation. The map indicates areas of wind speeds (m/second) as well as transmission lines. Some of the world’s best wind resources are along the south-western, southern and south-eastern margins. Source: Geoscience Australia and ABARE (2010)Australian Energy Resource Assessment. • Source: Geoscience Australia and ABARE (2010) Australian Energy Resource Assessment

  11. Australia’s Renewable Resources: a Track Record of Innovation Source: Professor Stuart Wenham, China: Threat or Opportunity? (2012)

  12. LCOEs for renewable energy technologies - 2012 • Levelised Energy Costs in 2012 and 2020 • $/MWhr • 2012 Chart showing the Levelised Costs of Energy in 2012 and in 2020. This chart includes CCG, Wind, Solar and Bagasse. Source: BREE, Australian Energy Technologies Assessment 2012 • 2020 • 2020 • 2012 • BREE, Australian Energy Technologies Assessment 2012

  13. 3. ARENA’s Role

  14. ARENA - objectives The Basics $3.2 billion in funding

  15. Strong Foundations This picture depicts ARENA’s strong foundations from building on the legacy of ACRE and ASI, continuing to support projects underway and note the lessons from their delivery.

  16. Doing Business

  17. 4. Funding Strategy

  18. Consultation Process Greg Bourne, Chair of the ARENA Board, released the consultation draft of ARENA’s General funding strategy on 26 July 2012. The draft strategy has been developed and released to provide stakeholders with an opportunity to help shape how ARENA will design and implement its programs over the next three years. The consultation process has involved a series of meetings held with ARENA Board, CEO, staff and stakeholders. Meetings were held in Melbourne, Perth and Brisbane as well as additional meetings. Approximately 70 submissions were received on the draft general funding strategy.

  19. Consultation Findings Stakeholders looking to ARENA for strategic leadership in addressing matters of policy and coordination across jurisdictions, especially with the Clean Energy Finance Corporation Decisiveness and speed in decision-making A flexible and innovative approach to the provision of financial assistance Genuine partnership Embrace a diversity of energy solutions Importance of dispatchability to improve value for renewable energy Make returns and reinvest in the industry Knowledge sharing and protection of IP A large scale solar hub or research park

  20. 5. Next Steps

  21. Work Priorities

  22. Summary • Significant international investment • …and local opportunity • ARENA is a key part to unlocking commercial financing • ARENA has an open approach - contact Greg Bourne or Ivor Frischknecht arena@arena.gov.au

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