Looking at the wind energy industry, their impact from an economic and social perspective on the communities they operate in and new development ways forward

  • Session Topic
    Wind Energy

Looking at the wind energy industry, their impact from an economic and social perspective on the communities they operate in and new development ways forward

11 Oct 2017, 10:50 AM - 12:10 PM

Room 218, Melbourne Convention & Exhibition Centre

Language:
English (Australia)

Chairperson:  Dr Adrian Panow, Director, Deakin Energy

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Collaboration and engagement in wind farm development

Andrew Dyer, the National Wind Farm Commissioner

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Case Study: Ararat Wind Farm – Generating economic benefits analysis for project advocacy 

Tanya Jackson, Communications and Company Services Manager, RES and

John Noronha, Economist, Essential Economics

Economic benefits from renewable energy projects supplement positive environmental outcomes, and also generate many important social and community benefits such as job creation, business support, training and upskilling, industry diversification, investment and economic development, and tourism growth.

This presentation is based on the findings of a detailed case study relating to the construction and operation of Renewable Energy Systems (RES) 240MW Ararat Wind Farm, located in Victoria’s Grampians Region. The case study is based on a review of project specifications, contractor data, assessment of future operating parameters and interviews with a wide range of stakeholders including RES, council officers, project contractors, trade suppliers, accommodation providers and other local businesses and community representatives.

The key findings of the case study show 600 Full Time Equivalent (FTE) jobs were generated during the project’s construction phase, with a $25 million stimulus injected into the regional economy over a 16-month period. Once operational, Ararat Wind Farm will support 50 FTE jobs on an ongoing basis and provide an economic stimulus to the regional economy of $80-85 million (CPI adjusted) over 25 years. Importantly, this stimulus includes significant new annual income streams for 16 host farms - in effect ‘drought-proofing’ their long-term futures; new annual rates revenues for local councils which can be reinvested in community infrastructure and services; and a community fund which will promote social and environmental sustainability initiatives for the benefit of the broader community and which will be financed by RES on an annual basis.

This presentation details these economic findings and the methodologies underpinning the results, provides examples of specific business and community benefits and feedback, and outlines lessons to be learned for other renewable energy projects in terms of using economic benefit analysis for project advocacy. 

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Case Study: Sapphire Wind Farm - Exploring ways of extending the economic & social benefits for local communities

Lisa Stiebel, Community Engagement Manager, CWP Renewables & QED Energy

 

Contributors

  • Adrian Panow

    Chairperson

    Director

    Deakin Energy

    As a senior executive and advisor in the resources, agriculture, manufacturing and renewable energy fields across government, private and research...

  • Andrew Dyer

    Speaker

    National Wind Farm Commissioner

    Andrew commenced the role of National Wind Farm Commissioner in November 2015. He is an experienced executive, chairman and company director. Andrew...

  • Tanya Jackson

    Speaker

    Communications and Company Services Manager

    RES

    Tanya is currently the Asset Management Services Manager at RES. From October 2015 to May 2017 Tanya performed the role of Communications and Company...

  • John Noronha

    Speaker

    Economist

    Essential Economics

    John is an Economist with wide ranging private and public sector experience in both the UK and Australia. His expertise includes benefit cost...

  • Lisa Stiebel

    Speaker

    Community Engagement Manager

    CWP Renewables & QED Energy

Opening Times
Wed 3 Oct Exhibition 9.00am – 5.00pm
Wed 3 Oct Networking Event 5.00pm - 6.30pm
Thur 4 Oct Exhibition 9.00am – 5.00pm

Registration opens 8.00am

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