GW Projects and GW Opportunities
 

July 2019

GW Projects and GW Opportunities

RYSTAD ENERGY PRODUCT HIGHLIGHTS

RenewableCube: Up to date, detailed, and comprehensive database of solar, wind and storage assets in Australia, India and SE Asia

Renewable product updatesIn June 2019, 20 Australian assets developed by 15 companies were added to the RenewableCube, accounting for 11.5 GW of capacity. Of the 20 new projects, 14 are solar, 5 are storage and 1 is wind. Data for a further 46 projects, covering 13.9 GW, was updated.  


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Electrification of LNG operations a new growth area for renewables

Santos recently became the first oil company in Rystad Energy’s RenewableCube to enter the operation phase for utility-scale PV. The facility processes natural gas liquids and crude oil that is piped from Santos’ operations in Moomba. The 2.12 MWac facility at Port Bonython in South Australia will generate just over 6% of the facility’s electricity needs. Despite its small capacity, it represents a significant opportunity to electrify oil and gas operations in Australia. Oil and gas companies are already developing the largest solar farms in the Northern Territory (ENI’s 25 MWac Katherine solar farm) and Victoria (Total Eren’s 200 MWac Kiamal Stage 1 project). Whilst in Queensland Shell could be one of the top solar developers if its 120 MWac project goes aheadHowever, these projects are minor when compared to the opportunity of electrifying the oil majors’ LNG operations in Australia. This would require gigawatts of renewable power.

Figure 1: Oil and gas company's utility PV and storage project pipeline in MWac

Beryl commissions in record speed, a sign of things to come

The 87 MWac Beryl PV farm owned by New Energy PV and EPC services provided by Downer, recently completed commissioning. The commissioning process took less than 40 days a significant milestone for the company and the industry. At the time of writing, Rystad has gathered the commissioning duration data for 30 PV farms in the NEM energized since September 2017 with a minimum capacity of 20 MWac. Of these, only five have been commissioned in less than 50 days. This highlights the significance of the achievement of Beryl’s commissioning. However in the first half of 2019, the median commissioning time has been 50 days, which compares to the historical median of over 100 days. Commissioning times are improving as stakeholders (developers, EPCs, TNSPs and AEMO) become more experienced and the number of projects energized reduces (but scale increases).

Figure 2: A bar chart showing the commissioning duration by asset in number of days. Source: Rystad Energy RenewableCube

Neoen emerges as top battery developer in Australia

Neoen has emerged as Australia’s top developer of lithium battery energy storage systems with the addition of the 200 MW/200 MWh battery to be used in conjunction with the 400 MWac Culcairn Solar Farm in New South Wales.

Figure 3: A bar chart showing Australia's Top 5 Battery Developers in MWac. Source: RystadEnergy RenewableCube

Largest Solar Farm in Australia puts NT on the Map

The 10 GWac Tenant Creek solar farm proposed by Singapore based Sun Cable aims to be Australia’s second major renewable export facility. The project will export electricity via a subsea high voltage direct current (HVDC) cable to Singapore, where it will provide produce one-fifth of Singapore’s electricity needs. The project is by far the largest solar farm in Australia with the next largest being the solar component of the Asian Renewable Energy Hub (3.5 GWac), which plans to supply to the regional load in the Pilbara region, as well as export green hydrogen to both international and domestic markets.

Figure 4: A bar chart showing the top 5 renewable projects by capacity in Australia. Source: Rystad Energy RenewableCube