Australian business made the market for renewable energy.
With ambitions to reduce emissions and manage their electricity market risk exposure at a time of unprecedented transformation across the grid, they supported investment in new renewable energy generation. They also drove innovation in contracting and pricing models – which are now available to all.
A quick start. Now a mature market |
| From one deal in 2016 initiated by the Victorian Government, to corporates such as Newcrest, Woolworths, Aldi, Dexus, Transurban, Telstra, nbn, Fujitsu, Amazon, BHP, BlueScope, Sun Metals; and more than 50 local governments and 10 universities securing long term agreements. Today, renewable power purchase agreements (PPA) are business as usual. |
Renewable electricity deals offering multiple strategic benefits |
| Design a PPA well. It can deliver cost reductions, a hedge against energy market volatility, greater budget certainty, and emissions reductions in keeping with a net zero or carbon neutrality commitment. It can also unlock other benefits underpinning sustainability-linked debt finance such as employment opportunities for Aboriginal and Torres Strait Islanders and gender diversity. |
What’s next for renewable energy? |
| Beyond the growing commitment to support investment in utility scale renewable energy assets, we see many trends. The drive to align in front of the meter electricity contracting strategies with investment in behind-the-meter generation and storage capacity - as well as demand response. The rise of digital trading and 24/7 renewable electricity supply platforms. The emergence of virtual power plants, networks energy users and microgrids. |
