RenewablesSA is an initiative of the South Australian Government to support the further growth of South Australia’s renewable energy industry. RenewablesSA works to remove barriers to investment through policy and regulatory changes, provision of commercially relevant information to potential investors and working with companies to develop projects in South Australia and take advantage of Federal Government funding.
RenewablesSA commenced in mid-2009, coinciding with the announcement by the South Australian Government to increase the state’s renewable energy production target to 33 per cent by 2020. This target was achieved in 2013-14. In 2014, a new target of 50% by 2025 was set, subject to national renewable energy policy being retained. South Australia’s significant installed capacity in renewables has translated into investment to the State of $6.6 billion to date, with some $2.4 billion, or 40%, of this occurring in regional areas. In recognition of the economic benefits, South Australia has committed to an investment target of $10 billion in low carbon generation by 2025.
In addition to these targets, the vision for the State involves a series of Economic Priorities which includes unlocking the full potential of South Australia’s resources, energy and renewable assets.
The initiative was the Government’s response to a key recommendation by the Economic Development Board to position South Australia as a leader in renewable energy. In its Economic Statement in March 2009, the Economic Development Board identified renewable energy as an important industry for South Australia’s economic future and recommended strategies to promote technological innovation in a diverse range of technologies, fast track demonstration plants, minimise regulatory impediments and secure industry investment.
RenewablesSA can be contacted through the Low Carbon Economy Unit within the Office of the Chief Economist in the Department of Premier and Cabinet
Level 16, State Administration Centre, 200 Victoria Square, Adelaide SA 5000
Phone: (08) 8429 5081
The Department of the Premier and Cabinet (DPC) occupies a key leadership role in the public service, supporting the Government’s vision for South Australia as a place where people and business thrive.