Renewable Energy Capability Statement
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Report: the Social and Economic Impact of Rural Wind Farms
The Senate Community Affairs References Committee The Social and Economic Impact of Rural Wind Farms June 2011 © Commonwealth of Australia 2011 ISBN 978-1-74229-462-9 Printed by the Senate Printing Unit, Parliament House, Canberra. MEMBERSHIP OF THE COMMITTEE 43rd Parliament Members Senator Rachel Siewert, Chair Western Australia, AG Senator Claire Moore, Deputy Chair Queensland, ALP Senator Judith Adams Western Australia, LP Senator Sue Boyce Queensland, LP Senator Carol Brown Tasmania, ALP Senator the Hon Helen Coonan New South Wales, LP Participating members Senator Steve Fielding Victoria, FFP Secretariat Dr Ian Holland, Committee Secretary Ms Toni Matulick, Committee Secretary Dr Timothy Kendall, Principal Research Officer Mr Terence Brown, Principal Research Officer Ms Sophie Dunstone, Senior Research Officer Ms Janice Webster, Senior Research Officer Ms Tegan Gaha, Administrative Officer Ms Christina Schwarz, Administrative Officer Mr Dylan Harrington, Administrative Officer PO Box 6100 Parliament House Canberra ACT 2600 Ph: 02 6277 3515 Fax: 02 6277 5829 E-mail: [email protected] Internet: http://www.aph.gov.au/Senate/committee/clac_ctte/index.htm iii TABLE OF CONTENTS MEMBERSHIP OF THE COMMITTEE ...................................................................... iii ABBREVIATIONS .......................................................................................................... vii RECOMMENDATIONS ................................................................................................. ix CHAPTER -
Meridian Energy
NEW ZEALAND Meridian Energy Performance evaluation Meridian Energy equity valuation Macquarie Research’s discounted cashflow-based equity valuation for Meridian Energy (MER) is $6,531m (nominal WACC 8.6%, asset beta 0.60, TGR 3.0%). Forecast financial model A detailed financial model with explicit forecasts out to 2030 has been completed and is summarised in this report. Inside Financial model assumptions and commentary Performance evaluation 2 We discuss a number of key model input assumptions in the report including: Valuation summary 6 Wholesale and retail electricity price paths; Financial model assumptions 8 Electricity purchase to sales price ratio pre and post the HVDC link upgrade; Financial statements summary 18 HVDC link charging regime; Financial flexibility and generation Electricity demand growth by customer type; development 21 The impact of the Electricity Industry Act (EIA) asset transfer and VAS’; Sensitivities 22 The New Zealand Aluminium Smelters (NZAS) supply contract; Alternative valuation methodologies 23 Relative disclosure 24 MER’s generation development pipeline. Appendix – Valuation Bridge 26 Equity valuation sensitivities are provided on key variables. Alternative valuation methodology We have assessed a comparable company equity valuation for the company of $5,179m-$5,844m. This is based on the current earnings multiples of listed comparable generator/retailers globally. This valuation provides a cross-check of the equity valuation based on our primary methodology, discounted cashflow. This valuation range lies below our primary valuation due, in part to the positive net present value of modelled development projects included in our primary valuation. Relative disclosure We have assessed the disclosure levels of MER’s financial reports and presentations over the last financial period against listed and non-listed companies operating in the electricity generation and energy retailing sector in New Zealand. -
Meridian Energy
NEW ZEALAND Meridian Energy Performance evaluation Meridian Energy equity valuation Macquarie Research’s discounted cashflow-based equity valuation for Meridian Energy (MER) is $6,463m (nominal WACC 8.6%, asset beta 0.60, TGR 3.0%). We have assumed, in this estimate, that MER receives $750m for its Tekapo A and B assets. Forecast financial model Inside A detailed financial model with explicit forecasts out to 2030 has been completed and is summarised in this report. Performance evaluation 2 Financial model assumptions and commentary Valuation summary 5 We have assessed the sensitivity of our equity valuation to a range of inputs. Financial model assumptions and Broadly, the sensitivities are divided into four categories: generation commentary 7 assumptions, electricity demand, financial and price path. Financial statements summary 15 We highlight and discuss a number of key model input assumptions in the report: Financial flexibility and generation Wholesale electricity price path; development 18 Electricity demand and pricing; Sensitivities 19 The New Zealand Aluminium Smelters (NZAS) supply contract; Alternative valuation methodologies 20 Relative disclosure 21 MER’s generation development pipeline. Alternative valuation methodology We have assessed a comparable company equity valuation for the company of $4,942m-$6,198m. This is based on the current earnings multiples of listed comparable generator/retailers globally. This valuation provides a cross-check of the equity valuation based on our primary methodology, discounted cashflow. This valuation range lies below our primary valuation due, in part, to the recent de-rating of global renewable energy multiples (absolutely and vis-a-vis conventional generators). Relative disclosure We have assessed the disclosure levels of MER’s financial reports and presentations over the last financial period against listed and non-listed companies operating in the electricity generation and energy retailing sector in New Zealand. -
Dear Ms Gardner
Select Committee on Wind Turbines Submission 208 - Attachment 1 [Reference No] Ms.Ann Gardner By email to: Dear Ms Gardner, Thank you for your email to the Chair of the Clean Energy Regulator, dated 18 November 2014, making a formal complaint about noise and vibration from the Macarthur Wind Farm. The matters raised by you are more appropriately addressed to the Victorian Department of Transport, Planning and Local Infrastructure (formerly known as the Victorian Department of Planning and Community Development). They are not matters that fall within the powers of the Clean Energy Regulator (the Regulator) under the various Commonwealth legislation administered by the Regulator. The Clean Energy Regulator is an economic regulator. With respect to the Renewable Energy Target, the Regulator regulates both the supply of certificates (by ensuring the integrity of their creation by renewable power stations) and the demand and surrender of those certificates (by ensuring liable electricity retailers surrender the correct number of certificates). The Clean Energy Regulator is only empowered to administer relevant Commonwealth laws (eg to ensure that a wind farm operator complies with its responsibilities under relevant Commonwealth legislation that the Regulator administers). It cannot interfere in state-based activities. If a wind farm is not complying with State/Territory laws (eg as to planning requirements and noise control etc), it is a matter for the relevant State/Territory a.uthority to address. The Macarthur Wind Farm is an accredited power station under the Renewable Energy (Electricity} Act 2000 (the Act) and the Renewable Energy (Electricif:W Regulations 2001 (the Regulations). Once an eligible power station has been accredited, it remains accredited unless the Regulator decides to suspend the accreditation under Division 11 of Part 2 of the Act {being sections 30D and 30E and the circumstances prescribed for the purposes of subsection 30E(5) in regulation 20D of the Regulations). -
A Brief Chronology of SA EPA and Other SA Regulatory Authorities Awareness of Wind Farm Noise Complaints and Ongoing Evidence Of
1 A brief chronology of SA EPA and other SA regulatory authorities awareness of wind farm noise complaints and ongoing evidence of LGA and community requests for review of the SA wind farm noise guidelines and compliance procedures M Morris 3/4/14 There appears to be a systemic failure of the SA wind farm noise complaints procedure and the following up of complaints with regulatory authorities as the number of complaints by residents and received by the developers and local councils is not reflected in the number of complaints quoted by the SA EPA. (SA only acknowledges seven separate complaints). The two SA wind farms generating the greatest number of complaints are the Waterloo wind farm (Clare & Gilbert Valleys Council) and the Hallett group of wind farms (Regional Council of Goyder). Presumably there has also been at least one complaint about the Clements Gap wind farm as the 2012 EPA/Resonate(1) study released January 31, 2013 investigated this Clements Gap home variously described as approximately 1.4 km (page 23) and also 1.5 km (page 65) from the nearest turbine as well as one house 1.5 km from the nearest turbine at The Bluff wind farm near Hallett. The SA EPA’s and met with Millicent residents on 14 March 2013 (in the presence of by M Morris and ), and heard the extent of their problems near the Lake Bonney wind farm. The EPA was asked, but declined, to investigate the noise at the Mortimer home. Either the majority of Waterloo and Hallett wind farm complaints have not been passed on to the EPA, or the SA EPA has not acknowledged them. -
Final Report
BLACK SYSTEM SOUTH AUSTRALIA 28 SEPTEMBER 2016 Published: March 2017 BLACK SYSTEM SOUTH AUSTRALIA 28 SEPTEMBER 2016 – FINAL REPORT IMPORTANT NOTICE Purpose AEMO has prepared this final report of its review of the Black System in South Australia on Wednesday 28 September 2016, under clauses 3.14 and 4.8.15 of the National Electricity Rules (NER). This report is based on information available to AEMO as of 23 March 2017. Disclaimer AEMO has been provided with data by Registered Participants as to the performance of some equipment leading up to, during, and after the Black System. In addition, AEMO has collated information from its own systems. Any views expressed in this update report are those of AEMO unless otherwise stated, and may be based on information given to AEMO by other persons. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this update report: make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this update report; and, are not liable (whether by reason of negligence or otherwise) for any statements or representations in this update report, or any omissions from it, or for any use or reliance on the information in it. © 2017 Australian Energy Market Operator Limited. The material in this publication may be used in accordance with the copyright permissions on AEMO’s website. Australian Energy Market Operator Ltd ABN 94 072 010 327 www.aemo.com.au [email protected] NEW SOUTH WALES QUEENSLAND SOUTH AUSTRALIA VICTORIA AUSTRALIAN CAPITAL TERRITORY TASMANIA WESTERN AUSTRALIA BLACK SYSTEM SOUTH AUSTRALIA 28 SEPTEMBER 2016 – FINAL REPORT NER TERMS, ABBREVIATIONS, AND MEASURES This report uses many terms that have meanings defined in the National Electricity Rules (NER). -
Clean Energy Australia Report 2021
CLEAN ENERGY AUSTRALIA REPORT 2021 AUSTRALIA CLEAN ENERGY CLEAN ENERGY AUSTRALIA REPORT 2021 CONTENTS 4 Introduction 6 2020 snapshot 12 Jobs and investment in renewable energy by state 16 Industry outlook: small-scale renewable energy 20 Industry outlook: large-scale renewable energy 22 Federal politics 24 State policies 26 Australian Capital Territory 28 New South Wales 30 Northern Territory 32 Queensland 34 South Australia 36 Tasmania 38 Victoria 40 Western Australia 42 Employment 46 Renewables for business 50 International update 52 Electricity prices 54 Transmission 56 Energy reliability 58 Technology profiles 60 Battery storage 64 Bioenergy 66 Hydro and pumped hydro 68 Hydrogen 70 Solar: Small-scale systems up to 100 kW 78 Solar: Medium-scale systems between 100 kW and 5 MW 80 Solar: Large-scale systems larger than 5 MW 84 Wind Cover image: Wind turbine blade installation, Collector Wind Farm, New South Wales INTRODUCTION Kane Thornton Chief Executive, Clean Energy Council Australia’s clean energy came from clean energy sources, territories’ progressive energy policies transition accelerated with wind and rooftop solar leading only served to highlight the ongoing again in 2020 as wind the way. This represents a massive failures at the federal level, where transformation that makes Australia’s arguments about government support and rooftop solar set new electricity system cheaper, more for gas and coal overshadowed some records, battery storage reliable and, most importantly, cleaner. genuinely positive developments. came of age, and the But the best news is that the shift is These included the continued showing no sign of slowing down. hydrogen sector continued growth of clean energy jobs, with the its rapid development. -
Id Land Pty Ltd Woods Road, Truganina Expert Witness
ID LAND PTY LTD WOODS ROAD, TRUGANINA EXPERT WITNESS STATEMENT 1 EXECUTIVE SUMMARY Draft prepared by Andrea Murphy 15 November 2013 Suite A3, 8 Rogers Street Port Melbourne VIC 3207 Suite 4, 46-50 Old Princes Highway Beaconsfield VIC 3807 PO Box 776 Beaconsfield VIC 3807 2 CONTENTS PAGE 1 PERSONAL DETAILS 2 QUALIFICATIONS AND EXPERIENCE 3 AREA OF EXPERTISE & STATEMENT OF EXPERTISE TO MAKE THE REPORT 4 INSTRUCTIONS AND SCOPE OF REPORT 5 SUMMARY OF OPINION 6 DECLARATION 3 1 PERSONAL DETAILS My name is Andrea Murphy, and I am the Director and Principal archaeologist and heritage advisor at Tardis Enterprises Pty Ltd trading as Archaeology at Tardis, heritage advisors and archaeologists. The head office is situated at Suite 4 46-50 Old Princes Highway, Beaconsfield 3807, Victoria. 2 QUALIFICATIONS AND EXPERIENCE I have a degree in Archaeology majoring in Australian Archaeology (Aboriginal) completed in 1984, and a Masters of Arts (Prelim) in Historic (non-Aboriginal) Archaeology, completed in 1991. I am a member and office bearer of the following affiliated bodies: ° Australian Society of Historic Archaeology (State Delegate) ° Australian Association of Consulting Archaeologists (Victorian Chairperson, Full Member, National Executive Committee Member) ° Australian Anthropological and Archaeological Society ° National Trust (VIC) ° Royal Victorian Historical Society ° Australia ICOMOS Full International Member ° Heritage Advisor Status (Aboriginal Affairs Victoria) I have been a practising archaeologist and heritage advisor since 1988, having worked for a number of private sector and government agencies in the capacity of an archaeologist until establishing Tardis Enterprises Pty Ltd in 1994. Tardis Enterprises Pty Ltd, which now trades as Archaeology at Tardis (AAT) is a leading consulting firm with 15 senior staff, and 10 supporting and sub-contracting personal. -
Application for Generation License
Application for Generation License Lal Lal Wind Farms Nom Co Pty Limited ABN: 37 625 768 774 Website: www.lallalwindfarms.com.au Tel: 1800 187 183 2 TABLE OF CONTENTS 1. Information on the Applicant and Nature of the application ____________ 4 1.1 Introduction __________________________________________________________ 4 1.2 Applicant Details ______________________________________________________ 5 1.3 Corporate Structure ____________________________________________________ 5 1.4 Organisational Structure ________________________________________________ 6 1.5 Project Expertise ______________________________________________________ 8 1.6 Experience of Key Personnel ____________________________________________ 11 1.7 Details of key contracts and agreements ___________________________________ 12 1.8 Planning and Environment ______________________________________________ 16 2. Essential services commisson objectives _________________________ 19 2.1 Efficiency in the industry and incentives for long term investment _____________ 19 2.2 Financial viability of the industry _______________________________________ 19 2.3 The degree of, and scope for, competition within the industry, including countervailing market power and information asymmetries ___________________________________ 20 2.4 The relevant health, safety, environmental and social legislation applying to the industry ________________________________________________________________ 20 2.5 The benefits and costs of regulation for consumers and regulated entities _______ 20 3. Information -
Wind Map of Australia 2021
LEGEND Place name 88 Under construction 88 Project 88 Operating Asset Main owner opened, Year expected completion Capacity (MW) Asset Main owner opened, Year expected completion Capacity (MW) WESTERN AUSTRALIA NEW SOUTH WALES 5km wind map Mean wind speed at 80m 1 Collgar REST 2011 206 107 Sapphire Partners Group 2018 270 108 Silverton Powering Australian 2020 200 11 21 32km/h 2 Badgingarra APA Group 2019 130 Renewables 3 Walkaway 1 Infigen Energy 2006 89 109 White Rock Wind Farm Stage 1 CECWPC 2018 175 4 Emu Downs Wind APA Group 2006 80 110 Gullen Range Beijing Jingneng Clean 2014 166 DARWIN 5 Mumbida Infrastructure Capital Group 2013 55 Energy Australia 6 Albany Bright Energy 2001 21 111 Capital Infigen Energy 2009 141 7 Agnew Mine Hybrid EDL 2020 18 112 Crudine Ridge Partners Group 2020 135 Wind Map of 3 6 9m /s 8 Grasmere Bright Energy 2012 14 113 Bodangora Infigen Energy 2019 113 9 Karakin Wind Farm Blair Fox 2013 5 114 Boco Rock EGCO 2014 113 10 West Hills Wind Farm Blair Fox 2012 5 115 Taralga Pacific Hydro 2015 107 11 Nine Mile Synergy 2003 4 116 Crookwell 2 Naturgy 2018 91 12 Port Gregory Advanced Energy Resources 2019 3 117 Woodlawn Infigen Energy 2011 48 13 Mt Barker Mt Barker Power 2011 2 118 Gunning Wind Acciona 2011 47 Australia 2021 14 Ten Mile Lagoon Synergy 1993 2 119 Cullerin Range Energy Developments 2009 30 15 Denmark Community Denmark Community 2010 2 120 Blayney Tilt Renewables 2001 10 The Wind Map of Australia 2021 shows approximate locations of wind projects bigger than 1MW operating, under construction or in the planning 16 Kalbarri Synergy 2008 2 121 Crookwell Tilt Renewables 1998 5 process as of December 2020. -
Meridian Energy Annual Report for Year Ended !" June #"$" How Much Power?
Meridian Energy Annual Report for year ended !" June #"$" How much power? Meridian is the largest state-owned electricity generator in New Zealand, providing around 30% of New Zealand's total generation. We also retail electricity to more than 180,000 residential, rural and business customers. NAME: CalRENEW!1 NO. OF PV PANELS: %",""" CAPACITY: %MW TOTAL GWh PRODUCED !"##$%&#' # i NAME: Mt Millar3 NAME: Ross Island NO. OF TURBINES: !% NAME: Macarthur2 NO. OF TURBINES: ! CAPACITY: &"MW LOCATION: Victoria CAPACITY: $MW TOTAL GWh PRODUCED STAGE: Pre-construction design !"##$%&#' $" CAPACITY: '#"MW NAME: Mt Mercer LOCATION: Victoria STAGE: Pre-construction design CAPACITY: $!"MW Front Cover: The Ross Island wind farm and Mt Erebus from Observation Hill, Antarctica. Courtesy of George Blaisdell, Antarctica NZ Pictorial Collection. NAME: Central Wind NAME: Te Āpiti STAGE: Consented NO. OF TURBINES: ## CAPACITY: !"$MW CAPACITY: '$MW TOTAL GWh PRODUCED !"##$%&#' %"# TOTAL GWh PRODUCED !"##(%#$' %$' NAME: Ohau A NAME: Te Uku NO. OF GENERATORS: & STAGE: Under construction CAPACITY: ")&MW CAPACITY: )&MW NAME: West Wind TOTAL GWh PRODUCED !,!%& !"##$%&#' NO. OF TURBINES: )" NAME: Mill Creek TOTAL GWh PRODUCED '(% CAPACITY: !&%MW !"##(%#$' STAGE: Environment Court appeal TOTAL GWh PRODUCED &'* CAPACITY: )*MW !"##$%&#' TOTAL GWh PRODUCED !"##(%#$' %( NAME: Ohau B NAME: Mokihinui NO. OF GENERATORS: & STAGE: Environment Court appeal CAPACITY: "!"MW CAPACITY: (#MW NAME: Tekapo A TOTAL GWh PRODUCED '&( !"##$%&#' NO. OF GENERATORS: ! ii TOTAL GWh PRODUCED iii CAPACITY: !"##(%#$' (%& "#MW Brooklyn TOTAL GWh PRODUCED !"##$%&#' !#" TOTAL GWh PRODUCED Wellington !"##(%#$' !"& NAME: Ohau C NO. OF GENERATORS: & CAPACITY: "!"MW NAME: Hurunui Wind TOTAL GWh PRODUCED STAGE: Consultation NAME: Tekapo B !"##$%&#' '&$ CAPACITY: *(MW NO. OF GENERATORS: " TOTAL GWh PRODUCED ("( !"##(%#$' Christchurch CAPACITY: !)$MW TOTAL GWh PRODUCED !"##$%&#' (!* TOTAL GWh PRODUCED (%% NAME: Benmore !"##(%#$' Twizel NAME: Hunter Downs Irrigation NO. -
El Mercado De La Energía Solar En Australia
ESTUDIO EM DE MERCADO 2021 El mercado de la energía solar en Australia Oficina Económica y Comercial de la Embajada de España en Sídney ESTUDIO EM DE MERCADO 20 de abril de 2021 Sídney Este estudio ha sido realizado por Ana Lázaro Herrasti Bajo la supervisión de la Oficina Económica y Comercial de la Embajada de España en Sídney http://australia.oficinascomerciales.es Editado por ICEX España Exportación e Inversiones, E.P.E. NIPO: 114-21-009-9 EM EL MERCADO DE LA ENERGÍA SOLAR EN AUSTRALIA Índice 1. Resumen ejecutivo 5 2. Definición del sector 10 2.1. El sector eléctrico en Australia 10 2.2. El sector de la energía solar en Australia 13 2.2.1. Clasificación del sector 13 2.2.2. Clasificación arancelaria 17 3. Marco institucional y competencias 19 3.1. Marco normativo 19 3.1.1. Antecedentes 19 3.1.2. Política federal actual 20 3.1.3. Políticas estatales 21 3.2. Incentivos y otras ayudas 22 4. Oferta – Análisis de competidores 23 4.1. Tamaño del sector 23 4.1.1. El sector de la energía renovable 23 4.1.2. Energía solar 30 4.1.3. Retirada de plantas termales de carbón 39 4.2. Exportaciones e importaciones de equipamiento 41 4.3. Principales empresas del sector 44 4.3.1. Segmento de la energía solar FV a pequeña escala 44 4.3.2. Segmento de la energía solar FV a gran escala 45 5. Demanda 52 5.1. Consumo eléctrico en el NEM y efecto de los sistemas fotovoltaicos en cubierta 53 5.2.