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40% by 2025 Victorias Renewable Energy Target Gippsland Climate - - PowerPoint PPT Presentation
40% by 2025 Victorias Renewable Energy Target Gippsland Climate - - PowerPoint PPT Presentation
40% by 2025 Victorias Renewable Energy Target Gippsland Climate Change Network Morwell 13 March 2018 Victorian Renewable Energy Advocate Advocate and advise on renewable energy development in Victoria Engage with community,
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The transformation is global…
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…and national
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Victorian Renewable Energy Target
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Victorian Renewable Energy Target
✓ Enshrines targets in law ✓ Minister must determine capacity required to meet 2020 and 2025 targets ✓ Minister must report annually to Parliament on progress
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Victorian Renewable Energy Auction Scheme
✓ State will award Support Agreements to renewable energy projects ✓ Support Agreements will be a Contract for Difference ✓ Long term agreement ( 15 years ) ✓ Support Agreements awarded through a competitive reverse auction ✓ 650MW to be awarded through first auction ✓ First auction winners to be determined mid 2018
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Victorian Renewable Energy Auction Scheme
✓ Evaluation criteria focus on value for money, economic development
- utcomes, community engagement
and technical, financial feasibility ✓ Strong weightings for economic development and community engagement
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What can we expect ?
✓ ACT Reverse Auctions (700MW) required economic development & community engagement commitments ✓ Delivered $500 million in investment in ACT economy ✓ Wind operation and development centres, research and teaching at universities and TAFE ✓ Community ownership schemes ✓ Development of hydrogen, battery and micro grid projects
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What should we expect ?
✓ 2017 Reverse Auction will support 650MW ✓ $1.3 billion construction activity , 1250 construction jobs ✓ 90 ongoing jobs ( operations only ) ✓ Supply chain development ( towers, nacelles, transformers, sub contractors ) ✓ Research and training ✓ Community infrastructure improvement
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What about the NEG ? ( National Energy Guarantee )
✓ National Energy Guarantee designed to regulate dispatchability and emissions intensity of the NEM ✓ Will require agreement of states and territories through COAG Energy Council ✓ Impact on renewable energy development will depend on requirements for emissions reduction and level of dispatchability ✓ State based auctions likely to play a major role in the market due to the attractiveness of long term contract – even more important!
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Economic development outcomes
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Offshore wind generation – growth potential
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Transmission infrastructure – emerging
- pportunity ?
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Community owned solar projects
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How should communities position ?
✓ Understand community economic development ambitions ✓ Identify opportunities to align potential renewable energy development commitments with existing strategies ✓ Engage with developers ✓ Work with local and state governments ✓ Be public – be upfront! ( but stay realistic ) ✓ Have ambition - Embrace the opportunities!
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