Renewable energy future announcement
ACT'S FIRST WIND AUCTION TO POWER 80,000 CANBERRA HOMES
The ACT Government's commitment to a sustainable, renewable energy capital has been further cemented today with the announcement that a 200MW wind auction will be completed in 2014.
Minister for the Environment and Sustainable Development, Simon Corbell, announced the plans this morning before he opened the second Regional Renewable Energy Business Forum in Canberra.
"This is the largest step taken by the ACT Government to date to meet the 90% renewable energy target by 2020", Mr Corbell said.
"This wind auction will abate around half a million tonnes of greenhouse gas emissions per annum and will generate about a quarter of Canberra's electricity needs. This is approximately half of all emissions associated with residential electricity use."
Following the passage of amendments to the Electricity Feed-in (Large-scale Renewable Energy) Act 2011, the Government will proceed immediately to release 200MW of generation capacity to be awarded by reverse auction.
"A 200MW wind auction is expected to provide around 24% of the ACT's electricity consumption - which is equivalent to approximately 80,000 Canberra households - and will deliver around 40% of the required renewable energy investments required to achieve our 90% renewable energy target.
"Because of the Commonwealth Renewable Energy Target review, wind is currently a buyer's market. By moving quickly, the ACT can expect lower prices now than if we were to defer the required investments to a later time.
"The wind auction will be open to generators within the Australian Capital Region, but also to generators further afield in circumstances where they demonstrate exceptional local economic development benefits and competitive pricing.
"Opening up the wind auction to a geographically broader base means more competition, more innovation and potentially lower prices. But the conditions on broader participation mean this cannot be at the expense of local jobs."
A key part of the evaluation of proposals will be looking at how developers have positively engaged with local communities.
"The Government will also be releasing the ACT Renewable Energy Local Investment Framework that will enhance opportunities for job creation resulting from our investments in large-scale renewable."
The cost of the wind auction is expected to be around $1.30 per household per week, which is part of the total $4 per week, already announced, as the cost of achieving 90% renewables by 2020. For many households, this cost will be more than offset by savings from new Government energy efficiency polices.
More information is available on the Environment and Sustainable Development Directorate's website www.environment.act.gov.au/energy/90_percent_renewable
- Statement ends -
Section: Simon Corbell, MLA | Media Releases