Business Monitor International


Australia Renewables Report

Published 22 August 2014

  • 41 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Australia Renewables Report

BMI View : We are revising down our forecasts for non-hydropower renewable generation and capacity in Australia this quarter to account for the increasingly negative regulatory environment. The Abbott administration has succeeded in abolishing the carbon pricing scheme in July and this has created a policy vacuum and great uncertainty in the sector.

We are revising down our 2014 growth forecast for non-hydropower renewable generation in Australia this quarter to 5.6%. This is due to the growing risk for the renewable energy target (RET) to be moderated. The new growth rate remains significantly lower than the five-year historical average growth rate of 11.7%, and highlights the significance of regulations such as the RET on growth in the sector.

We have also revised down our medium- to long-term forecasts this quarter. This is due to the high level of uncertainty and political risks in the sector, and the ongoing decline in new investments.

Key Trends And Developments

  • The government is currently conducting a review of the renewable energy target (RET). We note that the RET is the main regulatory mechanism driving investment in the sector.

  • The carbon tax scheme was successfully repealed in July 2014.

  • The Solar Credits mechanism was phased out in January 2013 - six months earlier than previously scheduled - to keep electricity prices in check.

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
Australia Renewables Forecast Scenario
8
Table: Australia Total Electricity Generation Data And Forecasts, 2012-2017
8
Table: Australia Total Electricity Generation Long Term Forecasts, 2018-2023
9
Table: Australia Electricity Generating Capacity Data And Forecasts, 2012-2017
11
Table: Australia Electricity Generating Capacity Long Term Forecasts, 2018-2023
12
Table: Fact Box: Minority Parties & Independents Within The Australian Senate
15
Australia Renewables Projects Database
20
Table: Major Projects - Renewables
20
Industry Risk Reward Ratings
27
Australia Renewables Risk/Reward Ratings
27
Rewards
27
Risks
27
Market Overview
29
Sustainable Energy Policy and Infrastructure
29
Targets (Renewables and Emissions)
29
Subsidies
31
Table: Renewable Feed-In Tariffs In Australia, 2012
31
Table: New Solar Credits Mechanism Multiplier
33
Infrastructure
34
Competitive Landscape
35
Hydro Tasmania
35
AGL Energy
36
Origin Energy
36
Solar Systems
36
Glossary
37
Table: Glossary Of Terms
37
Methodology
38
Methodology And Sources
38
Industry Forecast Methodology
38
Sources
40
Risk/Reward Ratings Methodology
40
Table: Renewables Risk/Reward Rating Indicators
42
Table: Weighting Indicators
44

The Australia Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Australia. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Australia, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Australia, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Australia Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Australia renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Australia to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Australia renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Australia, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc