Australia Wind Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Australia Wind Power Market Report Overview

In 2023, the cumulative installed capacity for wind power in Australia was 10.92 GW and will grow at a CAGR of more than 11% during 2023-2035. In 2023, onshore wind was the dominant source of wind power generation across the country.

Australia Wind Power Market Outlook 2023-2035
Australia Wind Power Market Outlook 2023-2035
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The Australia wind power market research report discusses the renewable power market in the country and predicts future outcomes until 2035. The report also gives detailed coverage of the renewable energy policy framework governing the Australian wind power market.

Cumulative Installed Capacity (2023) 10.92 GW
CAGR (2023-2035) >11%
Historical Period 2015-2022
Forecast Period 2023-2035
Regulations ·       Renewable Energy Target (RET) Scheme

·       Long Term Emissions Reduction Plan

Key Power Type ·       Onshore Wind

·       Offshore Wind

Leading Companies ·       AGL Energy Ltd

·       Iberdrola SA

·       Origin Energy Ltd

·       Renewable Energy Systems Holdings Ltd

·       Neoen SA

Key Active Plants (Onshore) ·       Stockyard Hill Wind Farm

·       Macarthur

·       Dundonnell Wind Farm

·       Coopers Gap

·       Bango Wind Farm

Key Deal Type ·       Acquisition

·       Debt Offerings

·       Asset Transaction

·       Partnership

·       Equity Offerings

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Australia Renewable Energy Policy Framework

  • The Ministerial Council of Energy released a document entitled Reform of Energy Markets, on December 11, 2003. The purpose of this document was to initiate the creation of a national power and natural gas market rather than a state-based provision for the markets. As a result, two federal-level institutions, the Australian Energy Market Commission (AEMC) and the Australian Energy Regulator (AER), were created. The AEMC, which was established under the Australian Energy Market Commission Establishment Act 2004, is responsible for rule and policymaking for the NEM.
  • In August 2009, the government introduced the RET scheme to deliver on the government’s assurance that a certain amount of electricity will be derived from renewable sources by 2020, this target was achieved. The RET scheme supersedes the previous Mandatory Renewable Energy Target (MRET) scheme, which was introduced in 2001. The MRET scheme obligated large wholesale buyers of power to support renewable energy generation.

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Australia Wind Power Market – Competitive Landscape

AGL Energy Ltd, Iberdrola SA, Origin Energy Ltd, Neoen SA, and Renewable Energy Systems Holdings Ltd are a few of the market players in the wind power market in Australia.

 AGL Energy Ltd – Headquartered in Sydney, Australia, AGL Energy Ltd (AGL) is an integrated energy company that owns, operates, and develops energy assets and provides natural gas, electricity, solar photovoltaic solutions, and related products and services. The company’s power generation portfolio includes coal, gas, hydro, wind, solar, landfill, and biomass-based power generation facilities. It also invests in and operates natural gas exploration, development, and production tenements and operates natural gas storage facilities.

Australia Wind Power Market Analysis by Companies

Australia Wind Power Market Analysis by Companies

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Australia Wind Power Market - Major Active Plants

Stockyard Hill Wind Farm led the Australian wind power market under onshore sources in terms of total capacity contribution in 2024.

Australia Wind Power Market, by Active Plants, 2024 (%)

Australia Wind Power Market, by Active Plants, 2024 (%)

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Australia Wind Power Market Segmentation by Deal Types

In 2023, the wind power market in Australia recorded most of the deals in acquisitions and debt offerings. It was followed by an asset transaction.

Australia Wind Power Market Analysis, by Deal Types, 2023 (%)

Australia Wind Power Market Analysis, by Deal Types, 2023 (%)

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Segments Covered in the Report

Australia Wind Power Market Deal Type Outlook (2015-2035)

  • Acquisition
  • Debt Offerings
  • Asset Transaction
  • Partnership
  • Equity Offerings

Scope

The report analyses Australia’s wind power market. The scope of the research includes:

  • A brief introduction on global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2015-2035), generation trends (2015-2035), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s wind power market with installed capacity and generation trends and major active and upcoming wind power projects.
  • Deal analysis of the country’s wind power market.
  • Key policies and regulatory framework supporting the development of wind power sources.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • Enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Identify key growth and investment opportunities in the country’s wind power market.
  • Facilitate decision-making based on strong historical and forecast data for the wind power market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy, and prospects.

AGL Energy Ltd
Iberdrola SA
Origin Energy Ltd
Renewable Energy Systems Holdings Ltd
Neoen SA

Table of Contents

Table of Contents

List of Tables

List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2015–2023

1.2 Primary Energy Consumption, Global, 2015–2023

1.3 Report Guidance

2. Renewable Power Market, Australia

2.1 Renewable Power Market, Australia, Installed Capacity, 2015-2035

– Renewable Power Market, Australia, Cumulative Installed Capacity by Source, 2015-2035

– Renewable Power Market, Australia, Cumulative Installed Capacity Share by Source, 2023 and 2035

– Renewable Power Market, Australia, Net Capacity Additions by Source, 2024-2035

– Renewable Power Market, Australia, Capacity Growth by Source, 2023-2035

2.2 Renewable Power Market, Australia, Power Generation, 2015-2035

– Renewable Power Market, Australia, Power Generation by Source, 2015-2035

– Renewable Power Market, Australia, Growth in Power Generation by Source, 2023-2035

3. Wind Power Market, Australia

3.1 Wind Power Market, Australia, Installed Capacity, 2015-2035

– Wind Power Market, Australia, Cumulative Installed Capacity Split by Onshore and Offshore Wind, 2015-2035

3.2 Wind Power Market, Australia, Power Generation, 2015-2035

– Wind Power Market, Australia, Power Generation by Type, 2015-2035

3.3 Wind Power Market, Australia, Market Size, 2015-2030

3.4 Wind Power Market, Australia, Power Plants

– Wind Power Market, Australia, Major Active Plants

– Wind Power Market, Australia, Snapshot of Upcoming Plants

– Wind Power Market, Australia, Key Under-construction Projects.

3.5 Wind Power Market, Australia, Deal Analysis, 2023

– Wind Power Market, Australia, Deal Volume vs. Deal Value, 2015–2023

– Wind Power Market, Australia, Split by Deal Type, 2023

3.6 Wind Power Market, Australia, Turbine Market, 2015-2028

– Wind Turbine Market, Australia, Annual Installed Capacity, 2015-2028

– Wind Turbine Market, Australia, Market Size, 2015-2028

4. Renewable Energy Policy, Australia

4.1 Renewable Energy Market, Overview

4.2 Policy Snapshot

4.3 Renewable Energy Targets

4.4 Renewable Energy Policy Framework

– Renewable Energy Target (RET) Scheme

– Climate Change Target 2030

– Long Term Emissions Reduction Plan

– Offshore Clean Energy Infrastructure Regulatory Framework

– Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives

– Clean Energy Finance Corporation (CEFC)

– Emissions Reduction Fund (ERF)

– 2023-24 Budget

– National Hydrogen Strategy

– Australia-Germany Hydrogen Accord – Hygate program

– Microgrids

– Australian Clean Hydrogen Trade Program (ACHTP)

4.5 State Level Policies and Incentives-South Australia

– Feed-in Tariffs

– South Australia Renewable Energy Auctions

– The Sustainability Incentives Scheme

– South Australia Energy and Emissions Reduction Agreement

– National Hydrogen Strategy – South Australia

4.6 State Level Policies and Incentives-New South Wales (NSW)

– Electricity Infrastructure Roadmap

– Assessing large-scale solar projects in NSW

– Proposed New Energy Policy Framework

– Feed-in Tariffs

– Funds for Renewable Energy in Regional Communities

– Solar Homes Policy

– Solar for Low Income Household

– Empowering Homes: Solar Battery Loan Program

– NSW Energy and Emissions Reduction Agreement

– National Hydrogen Strategy – New South Wales

– Small-scale Technology Certificates

4.7 State Level Policies and Incentives-Victoria

– Renewable Energy Action Plan

– Victoria’s Climate Change Strategy

– Feed-in Tariffs

– Agriculture Energy Investment Plan (AEIP)

– New Renewable Energy Target for Victoria (VRET)

– The Victorian Renewable Energy Auction Scheme (VREAS)

– Renewable Hydrogen Commercialization Pathways Fund

– Victorian Big Battery (VBB)

– National Hydrogen Strategy – Victoria

4.8 State Level Policies and Incentives-Tasmania

– Feed-in Tariffs

– Renewable Energy Action Plan

– Renewable Energy Target

– Tasmania Energy and Emissions Reduction Agreement

– National Hydrogen Strategy – Tasmania

– Tasmanian Renewable Hydrogen Action Plan

4.9 State Level Policies and Incentives-Queensland

– Feed-in Tariffs

 Queensland Renewable Energy Auctions

– Queensland interest-free solar loans

– Solar 150 initiative

– CleanCo

– National Hydrogen Strategy – Queensland

4.10 State Level Policies and Incentives-Australian Capital Territory

– ACT Renewable Energy Auctions

– Home Battery Storage Program

– Rooftop Solar Scheme

– Sustainable Household Scheme

– National Hydrogen Strategy – Australian Capital Territory

4.11 State Level Policies and Incentives-Western Australia

– Climate Policy

– Energy Transformation Strategy

– Distributed Energy Buyback Scheme (DEBS)

– National Hydrogen Strategy – Western Australia

4.12 State Level Policies and Incentives-Northern Territory

– Roadmap to achieve Renewable Energy Target

– Incentives for Renewable Energy

– Solar Energy Transformation Program (SETuP)

– National Hydrogen Strategy – Northern Territory

5. Wind Power Market, Australia, Company Profiles

5.1 AGL Energy Ltd

– AGL Energy Ltd – Company Overview

– AGL Energy Ltd – Business Description

– AGL Energy Ltd – SWOT Analysis

– AGL Energy Ltd – Major Products and Services

– AGL Energy Ltd – Head Office

5.2 Iberdrola SA

– Iberdrola SA – Company Overview

– Iberdrola SA – Business Description

– Iberdrola SA – SWOT Analysis

– Iberdrola SA – Major Products and Services

– Iberdrola SA – Head Office

5.3 Origin Energy Ltd

– Origin Energy Ltd – Company Overview

– Origin Energy Ltd – Business Description

– Origin Energy Ltd – SWOT Analysis

– Origin Energy Ltd – Major Products and Services

– Origin Energy Ltd – Head Office

5.4 Renewable Energy Systems Holdings Ltd

– Renewable Energy Systems Holdings Ltd – Company Overview

– Renewable Energy Systems Holdings Ltd – Major Products and Services

– Renewable Energy Systems Holdings Ltd – Head Office

5.5 Neoen SA

– Neoen SA – Company Overview

– – Neoen SA – Major Products and Services

– Neoen SA – Head Office

6. Appendix

6.1 Abbreviations

6.2 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Table 2: Primary Energy Consumption, Global, 2015–2023

Table 3: Renewable Power Market, Australia, Cumulative Installed Capacity by Source (GW), 2015-2035

Table 4: Renewable Power Market, Australia, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Table 5: Renewable Power Market, Australia, Net Capacity Additions by Source (GW), 2024-2035

Table 6: Renewable Power Market, Australia, Capacity Growth by Source, 2023-2035

Table 7: Renewable Power Market, Australia, Power Generation by Source (TWh), 2015-2035

Table 8: Renewable Power Market, Australia, Growth in Power Generation by Source, 2023-2035

Table 9: Wind Power Market, Australia, Installed Capacity (GW), 2015-2035

Table 10: Wind Power Market, Australia, Cumulative Installed Capacity by Type (GW), 2015-2035

Table 11: Wind Power Market, Australia, Power Generation (TWh), 2015-2035

Table 12: Wind Power Market, Australia, Power Generation by Type (TWh), 2015-2035

Table 13: Wind Power Market, Australia, Market Size ($M), 2015-2030

Table 14: Wind Power Market, Australia, Major Active Plants – Onshore

Table 15: Wind Power Market, Australia, Snapshot of Upcoming Plants

Table 16: Wind Power Market, Australia, Key Under-construction Projects

Table 17: Wind Power Market, Australia, Deal Volume vs. Deal Value ($M), 2015–2023

Table 18: Wind Power Market, Australia, Deals by Type, 2023

Table 19: Wind Turbine Market, Australia, Annual Installed Capacity (GW), 2015-2028

Table 20: Wind Turbine Market, Australia, Market Size ($M), 2015-2028

Table 21: Policy Snapshot, Australia, 2023

Table 22: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015–2030

Table 23: HyGATE program

Table 24: Time-Varying Minimum FiTs, 2023-24

Table 25: Tasmanian Renewable Hydrogen Action plan Targets

Table 26: Renewable Energy Reverse Auction Winners, ACT, Australia

Table 27: Capacity and number of generators by tariff in 2021

Table 28: Renewable Hydrogen Strategy, Western Australia

Table 29: AGL Energy Ltd, Major Products and Services

Table 30: Iberdrola SA, Major Products and Services

Table 31: Origin Energy Ltd, Major Products and Services

Table 32: Renewable Energy Systems Holdings Ltd, Major Products and Services

Table 33: Neoen SA, Major Products and Services

Table 34: Abbreviations

Figures

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Figure 2: Primary Energy Consumption, Global, 2015–2023

Figure 3: Renewable Power Market, Australia, Cumulative Installed Capacity by Source (GW), 2015-2035

Figure 4: Renewable Power Market, Australia, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Figure 5: Renewable Power Market, Australia, Net Capacity Additions by Source (GW), 2024-2035

Figure 6: Renewable Power Market, Australia, Capacity Growth by Source, 2023-2035

Figure 7: Renewable Power Market, Australia, Power Generation by Source (TWh), 2015-2035

Figure 8: Renewable Power Market, Australia, Growth in Power Generation by Source, 2023-2035

Figure 9: Wind Power Market, Australia, Installed Capacity (GW), 2015-2035

Figure 10: Wind Power Market, Australia, Cumulative Installed Capacity by Type (GW), 2015-2035

Figure 11: Wind Power Market, Australia, Power Generation (TWh), 2015-2035

Figure 12: Wind Power Market, Australia, Power Generation by Type (TWh), 2015-2035

Figure 13: Wind Power Market, Australia, Market Size ($M), 2015-2030

Figure 14: Wind Power Market, Australia, Snapshot of Upcoming Plants

Figure 15: Wind Power Market, Australia, Deal Volume vs. Deal Value ($M), 2015–2023

Figure 16: Wind Power Market, Australia, Split by Deal Type (%), 2023

Figure 17: Wind Turbine Market, Australia, Annual Installed Capacity (GW), 2015-2028

Figure 18: Wind Turbine Market, Australia, Market Size ($M), 2015-2028

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