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The Australian Renewable Energy Agency and the New Energy Course. Argus Australia Power Generation Fuels . 27 February 2013. Summary. The Australian renewable energy l andscape ARENA driving a new course Opportunities through ARENA

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the australian renewable energy agency and the new energy course

The Australian Renewable Energy Agency and the New Energy Course

Argus Australia Power Generation Fuels

27 February 2013

summary
Summary
  • The Australian renewable energy landscape
  • ARENA driving a new course
  • Opportunities through ARENA
    • Driving renewable energy deployment in regional and remote locations
  • Investment highlights

2.

lcoes for renewable energy technologies 2012
LCOEs for renewable energy technologies - 2012

Levelised Energy Costs in 2012 and 2020

$/MWhr

2012

2020

2012

2020

2020

2020

2012

2012

2012

2020

---------------------------BREE AETA figures---------------------

Bloomberg figures

Sources: BREE, Australian Energy Technologies Assessment 2012 and Bloomberg Australia and Global Renewable Energy Market Overview Feb 2013

5.

general funding strategy
General Funding Strategy

GENERAL PRINCIPLES

COMPLEMENTARITY

CONFIDENCE BUILDING

DIVERSITY

ALONG THE WHOLEINNOVATION CHAIN

RESEARCH (basic and applied)

DEVELOPMENT

DEMONSTRATION

COMMERCIALISATION

INVESTMENT PLAN

STRATEGIC INITIATIVES

SUPPORTING INITIATIVES

COMPLEMENTARY INITIATIVES

8

slide10

Current Opportunities

  • Current funding opportunities through ARENA:
    • $126 million Emerging Renewables program
    • $200 million Southern Cross Renewable Energy Fund
  • Coming up:
    • Regional Australia’s Renewables program
    • SHARE (Supporting high value Australian renewable energy)

10.

regional australia s renewables
Regional Australia’s Renewables

PROPOSED OUTCOMES

2 x

At least 50 MW of renewable energy capacity installed by 2020

Roadblocks removed. Trained operators of renewables

10 MW or more renewable energy systems by 2018

Industry

Community

Roadblocks

  • Size
  • Type of Support
  • Location of projects
  • 100kW – 1MW
  • Grants - capital subsidy
  • Off-grid
  • No size
  • Grants – project costs
  • Focus on - system issues, demand management, control systems, storage optimisation etc
  • 1MW or more
  • Grants - capital / or revenue subsidy
  • Off-grid or fringe-of-grid

11.

slide12

Off-Grid demand is growing: Example WA mining

Example: WA Forecast Increased Minerals And Energy Electricity Demand By Source (GWh per annum, incremental above 2012 levels)

95% of new energy demand expected to be provided off-grid

Source: “WA State Growth Outlook 2013”, PwC 2012

12.

potential benefits of off grid re

The economics of off grid renewables and diesel in Pilbara

Potential Benefits of Off-Grid RE
  • Summary of LCOE costs ($/MWh) for relevant technologies

Source: Evans and Peck, Assessment of the Potential for Renewable Energy Projects and Systems in the Pilbara (2011)

13.

barriers to renewables in off grid applications
Barriers to renewables in off-grid applications

Areas noted as “Barriers” to renewable energy by off-grid system owners

Capital Cost

  • High capital costs. May be misalignment between renewable payback period and business case period (e.g. mine life)
  • Concerns about intermittency, monitoring and forecasting systems, integration with other systems (e.g. diesel hybrid), power quality

Output / Reliability

Skills & Maintenance

  • Access to people with expertise to maintain renewable generation plant

Sources: Responses from Clean Energy Working Group, ARENA consultations, ARENA case study research

14.

investment opportunities
Investment opportunities
  • Nimble in identifying and capitalising on opportunities to accelerate deployment
    • Capacity to initiate projects, commission research and undertake one-offs
    • Flexible and open to ideas
  • Regional Australia’s Renewables
    • Looking for energy intensive industry leaders ready to partner with ARENA to set a benchmark for renewable energy

15.

slide18

ARENA support for biofuels

  • Emerging Renewables Program Measure – Qantas Feasibility Study on Producing Alternative Aviation Fuels
  • $5 million to the JCU High Energy Algal Fuels Project in Townsville
  • $15 million Advanced Biofuels Investment Readiness (ABIR) Program

18.

cs energy kogan creek solar boost project

$34.9m funding for $104.9m project

Project will be the world's largest solar integration with coal fired power station

44 MW solar thermal addition to the existing 750MW Kogan Creek Power Station

AREVA Solar's CLFR technology

30 hectare solar field

Operational in 2013

CS Energy: Kogan Creek Solar Boost Project

19.

csiro solar energy management sem system for utilities

CSIRO, Ergon Energy, GWA Group

$0.2m funding for $0.6m project

Combines CSIRO’s thermally-driven residential desiccant solar cooling technology with novel SEM system

Natural gas-powered back-up

SEM technology will be tested in 3 residential buildings

CSIRO: Solar Energy Management (SEM) system for utilities

20.

ratch pathway to solar thermal for coal fired collinsville
RATCH: Pathway to Solar Thermal for Coal-Fired Collinsville
  • Feasibility study to asses the viability of converting Queensland’s 180 MW coal-fired Collinsville Power Station to a 30 MW hybrid solar thermal/gas power station
  • $2.5m for RATCH Australia
  • Results will be publically available

21.

summary1
Summary
  • Renewables are increasingly cost competitive
  • ARENA understands barriers remain to the commercial readiness of renewable technologies
  • ARENA looks forward to working with technology developers, industry, communities and network operators to grow renewables in the off-grid sector and Australia more broadly.

22.