Wind Projects Take Lion's Share of Australia's Fourth-Quarter Power Kick-Offs

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Researched by Industrial Info Resources Australia (Perth, Australia)--Industrial Info is tracking more than $2.2 billion worth of power projects that are planned for kick-off in the Oceania region in the fourth quarter of 2014. Australia leads all other countries in the Oceania region, with 90% of the total share of the investments, and wind power projects make up the lion's share of those investments in Australia.

The value of projects that are scheduled for kick-off during the fourth quarter in Oceania is more than twice the amount seen in the first three quarters of the year, which totaled $1 billion. Capital projects, electrical infrastructure, transmission & distribution and in-plant capital and maintenance projects are included. Oceania also includes New Zealand, Papua New Guinea and Fiji, Solomon Islands, Vanuatu, and New Caledonia.

Most of the $1.85 billion in investments in Australia are tied to windfarm projects, which are now in the final design and engineering phase.

The largest of these is the Ararat Grassroot 250-megawatt (MW) Windfarm in Victoria by Renewable Energy Systems Australia Pty Limited (Crows Nest, New South Wales), which is valued at more than $400 million.

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More than $245 million will be invested in transmission and distribution (T&D) projects, of which the majority is attached to wind and solar farms. Industrial Info is also tracking $187 million from 51 in-capital maintenance projects, including some rebuilds and refurbishments that will commence in the fourth quarter.

Industrial Info is tracking 76 projects worth more than $9 billion in Australia that are in the final stages of permitting and are expecting to reach financial closure by end of the year, with majority of them planned for kick-off next year. More than 40% of this total investment value is tied to 22 windfarm projects, which could be delayed or cancelled following the Renewable Energy Target (RET) review that will be announced by the Australian Federal Government in a months' time.

For related information, see July 22, 2014, article--Renewable Energy Investments in Australia Hit Record Low.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.