L R AS Published on Sunday 19 April 2020 - n° 318 - Categories:Australia, various sectors
An effect of falling energy demand on facilities in Australia
In Australia, the pandemic will cause a drop in demand for electricity. This will be accompanied by a decrease in gas prices and the commissioning of large solar and wind power projects.
which will contribute to lower wholesale energy prices, according to the RepuTex consultancy firm.
As a result, they are expected to fall by 20% over the next two years (from AUS$69 to AUS$50). Over this period, the commissioning of solar and wind power plants is expected to reach 6.1 GW, with an additional 1.2 GW of residential installations.
For RepuTex, this challenging environment will not stop large-scale projects that can compete with a wholesale price of AUS$50.
On the other hand, the Norwegian consultant Rystad Energy estimates that the decline in wholesale prices, as well as the increase in costs due to the fall of the Australian dollar against the US dollar, could lead to the postponement or cancellation of the financial closing of some 3 GW of solar and wind projects. They would have become unprofitable.
PV Magazine of 17 April
