2017-18 was a record year for renewable energy investment in Australia as the cost of renewables continued to decline and proponents raced to build out the 2020 Renewable Energy Target. The CEFC financed 10 large-scale solar projects and four wind farms in 2017-18, including projects underpinned by power purchase agreements as large-scale energy consumers reduced their exposure to high power prices.
Australia now has a firmly established ecosystem of local and international project developers, engineers, equipment suppliers, advisers, consultants and financial institutions, generating income and jobs for the Australian community.
With the increase in variable renewables in the system the focus is on balancing technologies such as pumped hydro, storage, transmission and demand response, as well as future renewable energy zones.
In this presentation CEFC CEO, Ian Learmonth, will discuss the next wave of renewable energy investment and how CEFC is investing in technological innovation to lower energy costs and transform our energy system.