Without taking into account the income stream that will be derived from the sale of electricity, Sun Brilliance will be entitled to 200,000 Large Scale Generation Certificates annually. At $80 per LGC, that works out to be $16 million per year on top of electricity sales.
Perhaps not as good a deal as that available in the U.K. but not too shabby all the same. It gives an indication of what lays ahead for CCE when they get to the stage of building large scale projects here in Australia.
Of course our government might up the ante if too many of our renewable energy companies move off shore for a better deal.
"While it has fallen slightly in recent weeks, Green Energy Markets figures reveal LGCs are currently trading in the high $80/MWh range. The 100 MW project is expected to create 200,000 LGCs annually.
WA utility Synergy has developed very few renewable energy projects of its own in recent years, preferring to purchase certificates on the spot market – generally from solar and wind projects in the eastern states. RenewEconomy understands that WA Energy Minister and Treasurer Mike Nahan has instructed Synergy, which is state owned, to purchase LGCs locally, to encourage renewable project development in the state."
