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Australia

Australia

Australia set for 'wind industry boom'

AUSTRALIA: The Australian wind industry is "poised for substantial additional expansion" with projects totalling 860MW under construction and between 50 and 100 projects proposed, according to an industry report.

The report by GL Garrad Hassan for the Australian renewables trade body the Clean Energy Council said a number of factors could lead to increased activity in the sector for 2011.

These include increased turbine-supply competition, the strong Australian dollar and the enhanced renewable-energy target (eRET). The report forecasts an additional 6.9GW of wind capacity installed above existing levels by 2020.

It calls for a "stable investment environment" for industry continuing "well into the future". Complementary measures, like the eRET, should be continued until a carbon price can "bridge the gap" between the costs of fossil fuel and renewable generation, it added.

Power-system issues relating to high rates of wind penetration will also need to be addressed in order to ensure the long-term viability of the industry, the report states.

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