In this video, filmed in partnership with the Australian Financial Review for Australia’s Energy Future, Jason Willoughby, managing director, sales and project finance at GE Australia and New Zealand, discusses the part Australia’s renewable resources will play in our evolving energy mix.
The landowner
GEreports: What makes some countries better at uptake of renewables than others?
Peter: Typically, without a carbon price renewables are more expensive than fossil fuels, and therefore they need policy support.
Maureen Dougherty, President, Boeing Australia and South Pacific.
Since it was legislated in 2000 the Renewable Energy Target (RET) scheme has been massively successful in attracting investment in renewable energy sources, putting downward pressure on the wholesale cost of power, and creating diversity of electricity generation to power our future.
“Australia has fantastic opportunities to capture wave energy, because of the wind and the weather formations, and a huge coastline where most of the population lives.”