Posted on 7 July, 2020Download
Since July 2018, the Clean Energy Council has conducted a bi-annual survey of senior leaders from across the clean energy industry to take a measure of their investment confidence, employment trends and the specific business challenges felt across the industry.
The July 2020 survey was conducted in June 2020 and consisted of the responses from approximately 70 CEOs and senior managers.
The results and related comments indicate that since the last survey in December 2019, investment confidence has increased. This is largely due to state-based targets providing investment certainty, particularly in New South Wales, Victoria and Queensland, at a time when federal policy remains uncertain.
The industry unanimously cited concerns relating to grid connection, network access and transmission concerns, as well as, unpredictable and unhelpful government intervention in the energy market and a lack of coherent federal government climate and energy policy as the biggest challenges facing the industry today.
What is your level of confidence to make investments in renewable energy in Australia in the next 3 years?
Investment confidence differed across states, with the highest investment confidence in New South Wales, followed by Victoria and Queensland.
How do you expect the number of people your company employs in renewable energy in Australia to change in the next 12 months?
Industry leaders were slightly less optimistic than they were in the last survey taken in December 2019, with 56 per cent of respondents expecting to employ more staff in the next 12 months, compared to 70 per cent in December 2019.
What factors are creating the greatest challenges for your business to develop renewable energy projects in Australia?
The top business challenge rated by the industry was once again concerns and challenges related to grid connection process and technical requirements, with the industry citing this as the top challenge since July 2019.
Unpredictable and unhelpful government intervention in energy market was cited as the second biggest business challenge, followed by under-investment in network capacity and lack of long-term integrated federal energy and climate policy. The top five and six challenges related to the energy market design and concerns around marginal loss factors (MLFs).
Download the Clean Energy Outlook - Confidence Index