PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Frost & Sullivan Finds Winds of Opportunity for Renewable Energy Markets in Australia and New Zealand - Renewable energy targets to unlock investments of more than USD20 billion by 2020 in Australia
Frost & Sullivan Finds Winds of Opportunity for Renewable Energy Markets in Australia and New Zealand

 

NewswireToday - /newswire/ - Sydney, Australia, 2012/06/22 - Renewable energy targets to unlock investments of more than USD20 billion by 2020 in Australia.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The governments of Australia and New Zealand (ANZ) are stepping up efforts to cut back carbon emissions and increase the share of renewable energy in the countries' energy mix. Australia has mandated that 20 per cent of its electricity be generated from renewable sources by 2020 and to this end, has introduced renewable energy targets (RET). This policy is the biggest incentive for investments in wind power in the country. However, uncertainty in RET in Australia and the absence of new policy approaches in New Zealand have hindered the market from making optimal use of these policies.

New analysis from Frost & Sullivan (energy.frost.com), Australia and New Zealand (ANZ) Renewable Energy Markets, finds that the market earned revenues of $1.90 billion in 2011 and estimates this to reach $5.04 billion in 2016.

Frost & Sullivan Research Analyst Subha Krishnan said that ambiguity in RET has caused a reduction in the price of the renewable energy certificates (REC) and made available surplus RECs in the renewable energy market. “Ever since the RET target for 2020 was amended to provide a ‘solar multiplier' for roof-top solar systems, and some states introduced generous feed-in tariffs, small-scale installations such as PV systems and solar hot water systems have flooded the REC market” he stated.

"Among all renewable energy sources, solar photovoltaic (PV) had the highest revenue share in 2011, while wind power is considered the lowest cost form of large-scale renewable energy generation in the ANZ region,” added Krishnan. "It is noteworthy that Australia has some of the best wind resources in the world."

However, the targets for solar PV systems in Australia are not as high as the targets of countries such as Germany and Japan, which are as high as 20.0 per cent. Further, the focus on improving the installed power capacity through coal-fired thermal power plants does not encourage project developers and equipment manufacturers to increase the installed solar PV capacity.

Environmental concerns are expected to cause a shift in focus from conventional power generation to renewable energy generation and thereby, make a case for solar PV power. Meanwhile, in the wind power market, the demand patterns have changed from small capacity farms to large capacity wind farms.

"The benefits of economies of scale have prompted the installation of large capacity turbines over the last four years. This move has lowered installation and generation costs, giving a huge impetus to the renewable energy market" explained Krishnan.

To stoke higher adoption of renewable energy, Australia's parliament has passed landmark laws to impose a price on carbon emissions in one of the biggest economic reforms in a decade. They are aimed at making organisations more energy-efficient and push power generation towards gas and renewable sources.

On the other hand, in New Zealand, the Government allows distributed electricity generators to sell electricity back to the grid. However, to do this, they must ensure that all generation that is injected into the grid is reported to the reconciliation facility for the market on a monthly basis and that generators obtain a certificate stating that their (metering) processes are robust and accurate. These complex electricity buyback rules impose significant costs and hence, are appropriate only for large generators.

"Despite their high costs, renewable energy systems have found considerable acceptance among industrial end users, especially in urban areas," noted Krishnan. "The economic benefits derived from green technologies will go a long way in keeping the market dynamic."

If you are interested in more information on this research, please send an email with your contact details to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com.

Australia and New Zealand (ANZ) Renewable Energy Markets is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: Global Gas Genset Market and Analysis of the Underground Transmission and Distribution Cables Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Australia and New Zealand (ANZ) Renewable Energy Markets / P613-14

Jessie Loh
Corporate Communications – Asia Pacific
P: +65 6890 0942 / F: +65 6890 0988 - E: jessie.loh[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Frost & Sullivan Finds Winds of Opportunity for Renewable Energy Markets in Australia and New Zealand

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Donna Jeremiah / Carrie Low 
+61(2) 8247 8927 / +60 3 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)