Leveraging new research, this News Flash episode dives into the Australian wind energy market, with insights from IntelStor on capacity, future growth, turbine tech, and factors impacting profitability like PPAs and maintenance costs. IntelStor provides valuable data and analysis on renewable energy markets, including this latest report on Australia.

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Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at IntelStor.com.

Well, Phil, IntelStor put out a really interesting report about our friends in Australia and the wind energy down there. A lot of moving pieces at the moment. 12 gigawatts already installed wind. What's the future look like? What's happening? What turbines are working down in Australia?

Philip Totaro: Well, thanks, Allen.

First of all, I appreciate the opportunity to come on and talk about this exclusively. The Australian market's an interesting one because they've now got 12. 2 gigawatts operational as of the end of 2023. They've got another 4. 4 gigawatts under construction right now, which is absolutely explosive growth from the typical annual capacity additions they've seen.

Even last year they only added something like 800 megawatts. But they've also got 8 gigawatts of onshore wind that's consented and hasn't started construction yet, and another 90 gigawatts that is early to mid stage proposed, where a lot of this is tied to additional intrastate transmission lines being built, or even the transmission line they're talking about building from Australia to Indonesia, and so they've got a ton of ambition and a ton of proposed projects.

 If a bunch of that capacity does get green lit, that does mean new factories in Australia because they're gonna have more than enough capacity to be able to, Sustain a dedicated factory, certainly for companies like Vestas and maybe even GE.

Allen Hall: So the vast majority of the wind energy at the moment is in Victoria, which is down south by Melbourne, right? So they have like a third of the total install capacity. What do we know from that area? What have we learned? Where is Victoria headed? Because it seems like the rest of Australia is still playing a little bit of catch up.

Philip Totaro: Victoria's got the highest installed capacity because they also have the highest demand and the highest concentration of population and load centers. So that explains a lot about both wind and solar being so popular there. They don't have quite a lot of intrastate transmission built, so whatever is being built in terms of power generation, wind, solar, et cetera, in Victoria is for the most part being consumed in Victoria and so that's going to be a challenge longer term for them to look at how they're kind of Integrating their overall electric grid throughout the whole country, and whether or not they're going to have intrastate market balancing mechanisms facilitated by intrastate transmission.

Joel Saxum: Yeah, if you look at some of the analysis that some experts have done on the country as far as queue lines and where load centers are,