Currently for the power generation or electricity generation energy sources that are used are sun, wind and bio-fuels which are collectively said to be renewable source of energy. Revenue for the entire industry is sourced through the sale of the electricity generated through the networks with the use of the technology. Renewable Energy Target (RET) has been most influential in the entire process of electricity generation, which is pinned user the trading of Renewable Energy Certificates (RECs).
Essentially, industry participants receive a return on investment through the sale of electricity into the grid, included in the Wind and Other Electricity Generation industry, and through holding or trading a REC an activity included in the Investment Banking Combined, this two-tiered set of incentives has provided a favourable environment for investment in the industry.
Products & Services
There are few products which are essential in this regards includes the different process under which the electricity is generated.
Wind electricity generation
Most developed and scalable electricity generating technology in the entire products is the wind based generation and it is also one of the cheapest forms of renewable energy. RET makes investment in the competitively priced technologies and wind energy is one of them. Wind energy has been the major contributor of the revenue and capacity utilization for the entire industry.
Gas and waste product electricity generation
Biogas is an established and commercial renewable technology used for power generation. The most common input used in this segment is biogases, a by-product of sugarcane processing. Plants using sewage, wood and wood by products, rubbish and other waste products are also in operation.
Large-scale solar electricity generation
There has not been a rapid uptake of large-scale solar deployments, such as concentrated solar-thermal technologies, over the past five years. The industry excludes the use of small-scale photovoltaic systems (solar panels) installed by households. Solar thermal generation is technically viable, but is more expensive per kilowatt hour than competing technology.
Geothermal and tidal electricity generation
Geothermal and tidal technologies, while on the horizon, appear a long way from commercial deployment. With several successful international examples of geothermal generation, this technology is likely to be deployed first. Australia faces geographical constraints in the use of geothermal technologies, as resources are not as close to the surface of the earth. By contrast, Australia has strong proven and accessible reserves of tidal energy.