Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

Section 5.4.3 of the Government's Strong growth, low pollution (SGLP) report contains detailed projections of the electricity generation sector, including the projected share of wind generation.

These projections are based on detailed analysis provided by SKM MMA and ROAM Consulting. Further details on the assumptions underpinning the projections of new wind investments — such as cost, capacity factors, land availability and network access — can be found in the consultants' reports on the SGLP website.

The modelling projects that the combined effect of the carbon price and the Large-scale Renewable Energy Target (LRET) will drive significant investment in new wind capacity. A large proportion of this investment is expected to be in southern Australia, when the best wind resources are located near networks.