Renewable energy is emerging in many countries around the world as a real and efficient alternative to traditional forms of energy.
Australia’s energy profile is to deliver renewable energy of at least 20% by 2020 as part of its move to a low carbon economy.
Last Thursday Polyglot Group’s consultants in renewable energy & engineering attended a conference on renewable energy organised by the Spanish Chamber of Commerce and hosted by Ernst & Young Sydney. During the conference, interesting topics such as Australia’s energy demand, coal fired power generation and challenges for RE infrastructure and investment were discussed and presented by specialist in the industry as well as policy makers.
The afternoon session was focussed on Spanish companies such as Acciona and FRV who exposed their projects portfolio in Australia. They spoke very positively about the excellent development conditions.“Australia does not compare to Europe or USA in terms of project scope however, the very transparent legal/technical framework offers astonishing conditions that translate in very short amounts of time from RFQ to construction kick-off; this is something we have never experienced before.”
On one hand, there is an excellent framework in place for (overseas) companies to invest in RE in Australia. On the other hand, fears that there will potentially be a lack of support from the coalition for renewable energy initiatives presents a serious challenge to the industry.