Antinuclear

Australian news, and some related international items

Victoria: large scale solar plant and feed-in tariff

There is no doubt this initiative will mean that many local and international solar developers will remain in the country, and that Australia will have the opportunity of ranking among the leading developers of large-scale solar in the world…..

CLIMATE SPECTATOR: Brumby’s solar hit…Giles Parkinson,  Business Spectator, 22 Jul 2010 Victorian Premier John Brumby certainly didn’t miss with the timing of the state’s large-scale solar power plant initiative…..announcing a 5 per cent large-scale solar energy target, supported by the country’s first large-scale feed in tariff.….

Brumby has set a target of 5 per cent of his state’s energy capacity to come from large-scale solar by 2020, effectively underwriting nearly 1.5GW of installed capacity and investments worth several billions of dollars, and increasing the state’s renewable energy target to 25 per cent by that year, while bringing coal down to 63 per cent from more than 90 per cent.

He has also set an interim target of 500 gigawatt hours by 2014. That equates to around 285MW of installed capacity, probably at the cost of more than $1 billion over the next four years………….It goes without saying that this would fast track the local industry……

Victoria would effectively deliver more capacity in a shorter time frame, and with more projects, than the federal government’s much-touted Solar Flagships program (a maximum 250MW by 2015 from two projects) and would effectively leave the choice of technology and product in the hands of the market – investors and financiers – rather than a lottery decided by a government-appointed panel…….

There is no doubt this initiative will mean that many local and international solar developers will remain in the country, and that Australia will have the opportunity of ranking among the leading developers of large-scale solar in the world…..


What would make sense is for this sort of initiative to be extended to the states with the best solar radiation, where the tariffs need not be so high to support the technology; and to other technologies such as geothermal, wave and biomass, as they are in other countries.

Indeed, broad based incentives such as feed-in tariffs, loan guarantees or tax credits have been the modus operandi of many industrialised nations and are also being taken up with enthusiasm by developing countries too……

CLIMATE SPECTATOR: Brumby’s solar hit… and miss | Giles Parkinson | Commentary | Business Spectator

July 22, 2010 - Posted by | climate change - global warming, energy, solar, Victoria | , , , , , ,

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