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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. 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

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  1. The Australian Renewable Energy Agency and the New Energy Course Argus Australia Power Generation Fuels 27 February 2013

  2. 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.

  3. 1. The Australian Renewable Energy Landscape 3.

  4. Australian electricity generation 2010-11 Renewables in Australia’s energy mix Source: BREE, Australian Energy Statistics (2012) 4.

  5. 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.

  6. 2. Policy drivers 6.

  7. Australian Government support for renewable energy technology development 7.

  8. 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

  9. 3. Opportunities through ARENA 9.

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 4. Investment highlights 16.

  17. Managing $650 million in projects and measures 17.

  18. 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.

  19. $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.

  20. 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.

  21. 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.

  22. 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.

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