View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 21, 2021

Asian Renewable Energy Hub plans rejected by Australian government

The proposed 26GW project was rejected as it would harm wetlands and bird species.

By Umesh Ellichipuram

Australia’s government has rejected plans for the Asian Renewable Energy Hub (AREH), an A$36bn ($26.9bn) wind, solar and hydrogen project.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

The project, located in Western Australia’s Pilbara region, was scrapped on the grounds that it could threaten migratory species and internationally recognised wetlands.

In a decision dated 15 June published on the Environment Department’s website, Environment Minister Sussan Ley said that the AREH project would have “clearly unacceptable impacts”.

A spokesperson for Ms Ley said: “The minister found the marine component of the infrastructure corridor would disrupt tidal movements and processes.

“This would seriously impact the habitats and life cycle of the native species dependent upon the wetland and, accordingly, the ecological character of the 80-mile Beach Ramsar site itself.”

The AREH project was initially proposed to have 15GW of renewable energy capacity, with this eventually increasing to 26GW. It would have produced green hydrogen and ammonia for export.

Last October, the government granted ‘major project status’ to the project.

During the construction phase, the project was expected to create more than 20,000 direct and indirect and 3,000 jobs when fully operating.

In a separate development in the renewable energy space, Switzerland has proposed a binding rule to enhance energy production from renewable sources such as hydro, as well as limiting energy consumption between 2035 and 2050.

The Swiss government aims to generate 2TW of climate-neutral electricity production by 2040, financed by a winter surcharge.

According to the government’s Energy Strategy 2050, the country intends to produce more energy from renewable sources as it phases out nuclear energy.

Japan is also reportedly planning to toughen rules for exports from new coal power plants, in line with a pact signed by the Group of Seven (G7) nations.

The G7 pact calls for ending government backing for ‘unabated coal power’ by the end of this year, as well as scaling up technologies and policies to fast-track the transition from coal power plants.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology