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July 16, 2017

Wirsol Energy and Renew Estate to build renewable project development pipeline in Australia

Wirsol Energy has collaborated with Renew Estate to develop a project pipeline in Australia.

By Lopamudra Roy

Wirsol Energy has collaborated with Renew Estate to develop a project pipeline in Australia.

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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.
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More than 400MW of large-scale solar farm projects in the entire pipeline are expected to begin construction during the first quarter of 2018.

Wirsol Energy managing director Mark Hogan said: “We are delighted to be working with Renew Estate and want to bring a fresh approach to the development of projects in the Australian market.

“We have already successfully entered the Australian market with the acquisition of the first large-scale portfolio of solar farm projects (200MW in Queensland and Victoria).

“We have delivered more than 1GW of innovative solar projects in Europe and are now committed to developing a portfolio across Australia.”

"We have delivered more than 1GW of innovative solar projects in Europe and are now committed to developing a portfolio across Australia."

As part of the pipeline, Wirsol Energy and Renew Estate will develop storage-ready projects in the country and look for several development opportunities across the wider Australia-Pacific region.

Renew Estate will be supported by global law firm Norton Rose Fulbright and energy advisory company Beast Solutions.

Renew Estate director Byron Serjeantson said: “Great renewables projects will benefit all stakeholders; starting with the community and landowners, local government and industry and all Australians who ultimately benefit from a cleaner and cheaper source of energy.

“By bringing together the right team and working hard at what we do, we aim to be a key contributor to a strong and well-regarded renewables industry of the future.”

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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.

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