How the Australian Experience in Policy and Technology can be Used to Increase the Uptake of Renewable Energy in South East Asia
(Room Garuda 8, 1st Floor)
19 Sep 18
2:30 PM
-
4:00 PM
Tracks:
TRACK A - Trends, Projects and Strategies
The Association of South East Asian Nations (ASEAN) is an association of 10 nations with a population of around 630 million, and a combined GDP of around US$2.6 trillion. A young population and diversified economy has resulted in a 4% annual economic growth rate, the world’s third highest rate after India and China. Since 1995, the ASEAN’s energy consumption has more than doubled and is expected to grow a further 4.7% per year by 2035 to reach 1,685 Mtoe (Mega Tonnes Oil Equivalent). In 2014, through the ‘ASEAN Plan of Action for Energy Cooperation 2016-2025’, the ASEAN introduced an ambitious target of 23% share of renewable energy (RE) in ASEAN TPES (Total Primary Energy Supply) energy mix. This paper explores Australia’s movement away from fossil fuels to renewable energy generation and identifies the learnings South East Asia can take away to ensure a successful transition to a renewable energy future. We look at how policy, together with ageing fossil fuel generation sources, shifted Australia’s path to renewable energy. Today, Australia is on its way of meeting its 33,000 GWh target by 2020, with 6000 MW generation capacity to be built between 2016 and 2019. We finish with a case study on the 530MW Stockyard Hill Wind Farm to demonstrate how these policy settings have enabled large wind farms to deliver cost effective renewable energy to Australian consumers.