- Economic Development Plan
- Our vision
- Achieving our vision
- Why do we need an Economic Development Plan
- A system
- Frequently asked questions
Tasmania’s natural competitive advantages in renewable energy include proven hydro and wind resources and emerging ocean, geothermal and bio-energy resources. Tasmania also has significant renewable energy research, industry and government knowledge and capabilities.
In the longer term, a second electricity interconnector may become viable and generation technology may evolve at a price that will enable the conversion of ocean, geothermal and bio-energy resources into safe, secure and commercially viable quantities of renewable power.
National policies including proposals to price carbon and the evolution of technologies including ‘smart grids’ and electric vehicles will have significant implications for the generation, distribution and use of renewable energy in Tasmania over time.
The Australian Government’s Clean Energy Future (CEF) plan substantially boosts funding for renewable energy technologies that are being, or may be, pursued. Initiatives include
- a $10 billion financing fund over five years from 2013-14, half of which is dedicated to financing commercialisation and deployment of renewable energy technologies
- $200 million over five years from 2012-13 for a Clean Technology Innovation Program to promote investment in activities including renewable energy
- a new independent Australian Renewable Energy Agency (ARENA) will consolidate the administration of $3.2 billion in existing grant and program funding for renewables
- $40 million over five years from 2011-12 for a Remote Indigenous Energy Program to promote installation of renewable energy in remote indigenous communities.
The technical characteristics and market structure of Tasmania’s electricity supply industry and compliance with the National Electricity Market rules also have a significant influence on if, when and how development opportunities might be realised.
The emerging national policy agenda, advice from the Tasmanian Renewable Energy Industry Development Board (TREIDB) and the findings of Electricity Supply Industry Review (that is scheduled to report in December 2011) will all inform the government’s strategy for developing the sector.
TREIDB’s recent advice to government recommends positioning Tasmania as the ‘renewable energy state’ and pursuing four strategic development themes:
- promoting ‘utility scale’ development
- promoting distributed and embedded generation development
- promoting renewable energy research development and demonstration
- fuelling our economy with renewable energy.
TREIDB’s advice will be considered by government agencies that have responsibility for fiscal, social, environmental, regulatory and other policy implications of the recommendations. The government’s initial priorities informed by early advice from TREIDB are outlined in the Renewable Energy Sector Summary.
For the Renewable Energy Sector Summary click here.
For information on:
- Project Pipeline
- Renewable Energy Resource Maps
- Research Capabilities
- Industry Structure
- Information Resources
- Policy and Industry Assistance Programs
- Reference Documents
- Energy Efficiency