Power + Utilities Australia FOCUS

Battling the Breezes: The Wind Industry’s Role in Shaping Our Renewable Future

Facebook
Twitter
LinkedIn
Wind Summit Sneak Peek

The countdown is to the Power + Utilities Australia 2024 Leadership Summit. In anticipation, we’re giving you exclusive insight into what you can expect our line-up of industry professionals and experts to be discussing.

This year, the summit includes a dedicated stream to taking a deep dive into the opportunities of renewables in our journey to net zero, where experts will be speaking on the wind energy sector. Onshore wind turbines are typically cheaper to install and maintain, while offshore turbines harness stronger and more consistent winds, offering higher energy generation potential. Despite higher initial costs, offshore wind farms are increasingly seen as a crucial component of the renewable energy mix due to their ability to tap into vast untapped wind resources, providing a reliable and sustainable energy source for coastal regions.

We spoke to 2024 Leadership Summit speaker Maya Malik of KIMA Energy, as she gives us her thoughts before the highly anticipated session in May.

Maya Malik Wind Summit Sneak Peek

1. With increasing emphasis on decarbonization and renewable energy targets, how do you see the role of onshore wind evolving in the energy portfolios of utilities, especially in regions where it has been traditionally less prevalent?

Where large areas of land with high wind speeds are available close to demand centres and transmission networks, onshore wind will do well. When these areas are consumed, we will need other solutions

As seen in other countries, due to their noise, visibility and close proximity to populations, onshore wind can face public acceptance challenges.

Like all forms of renewables, onshore wind is intermittent and subject to local weather conditions. The key is to find the right mix of generation technologies in a geographical spread so we end up with a supply profile that can match our demand profile.  For me, the question is not should we do onshore wind OR offshore wind, but what is the right mix of onshore wind , offshore wind, solar, batteries etc and where should be put them all to secure energy stability in the grid post coal.

2. How do you perceive the current state of offshore wind development and its potential impact on the utilities sector? In turn, how do you feel it affects the onshore wind sector?

The industry is young but well structured given the immaturity. The framework for acquiring project development rights is extremely clear, amongst the best globally, in my view.

What isn’t yet clear is the route-to-market and how big the industry in Australia will be. To date only the state of Victoria has announced offshore wind targets and a mechanism for supporting offtake.

3. Industry has seen recent policy shifts and market trends favoring offshore wind expansion, what strategies – if any – do you believe utilities should adopt to effectively navigate and capitalize on the opportunities presented by offshore wind?

Currently, there are opportunities to acquire sea bed rights via the Feasibility License award process. Six priority areas have been announced in Victoria, NSW, Tasmania and WA.  Developers should first chose which areas they prefer and ensure they secure a license.

When choosing their preferred areas, developers should consider their appetite for technical and route-to-market risk, as there are trade-offs to be made

Some areas will move faster than others, so timeline is another important consideration.

Don’t miss hearing from Maya and fellow panel experts live this 7 -8 May! Book your ticket here.

More Articles

Want to relive Power + Utilities Australia 2024? Didn’t get a chance to join us and want to see what took place across two days...

The countdown is to the Power + Utilities Australia 2024 Leadership Summit. In anticipation, we’re giving you exclusive insight into what you can expect our...

The countdown is to the Power + Utilities Australia 2024 Leadership Summit. In anticipation, we’re giving you exclusive insight into what you can expect our...