Reuniwatt<\/em> continues its expansion with the opening of its Australian office in the capital of Victoria, Melbourne. Australia offers an exceptional environment for Reuniwatt<\/em>‘s growth, thanks to a regulatory framework that is favourable to the development of renewable energies.<\/p>\n The Australian renewables market has rapidly expanded, driven by the country’s abundant natural resources, government policies, and a commitment to reducing carbon emissions. Solar energy leads the market, with Australia having one of the highest per capita solar adoption rates globally, while wind energy is also significant, particularly in states like South Australia and Victoria. The country has ambitious targets, aiming for power production reaching 82% of renewables origin by 2030. Investment in large-scale projects, like solar farms and wind parks, is booming, supported by federal and state incentives. Challenges include grid infrastructure and energy storage, however innovations in battery technology and pumped hydro are addressing these issues. The Australian government has notably awarded the first 6 feasibility licenses for offshore wind projects, their total capacity reaching 12 GW.<\/p>\n<\/div> Source: Quarterly Carbon Market Report December 2023, Australian Government Clean Energy Regulator<\/p>\n<\/div> Australia is an immense country; however it is one of the most sparsely populated countries in the world, which is due to the desert geography of much of the interior of the country. Power forecast regulation in Australia is a dynamic and evolving area. It is crucial for maintaining the reliability and security of the electricity grid, especially as the country increasingly relies on renewable energy sources. AEMO (Australian Energy Market Operator), supported by regulatory bodies like the AER (Australian Energy Regulator), plays a pivotal role in ensuring that forecasting processes meet the needs of the market and contribute to the efficient operation of the NEM (National Electricity Markets). AEMO is responsible for providing forecasts of electricity supply, demand and prices, being critical for market participants, including generators, retailers, and large consumers:<\/p>\n \n<\/td>\n Horizon<\/strong><\/p>\n<\/td>\n Frequency of updates<\/strong><\/p>\n<\/td>\n Resolution<\/strong><\/p>\n<\/td>\n<\/tr>\n Dispatch<\/strong><\/p>\n<\/td>\n 5 min<\/p>\n<\/td>\n 5 min<\/p>\n<\/td>\n 5 min<\/p>\n<\/td>\n<\/tr>\n 5-min dispatch<\/strong><\/p>\n<\/td>\n 2 hours<\/p>\n<\/td>\n 5 min<\/p>\n<\/td>\n 5 min<\/p>\n<\/td>\n<\/tr>\n Pre-dispatch<\/strong><\/p>\n<\/td>\n Up to 40 hours<\/p>\n<\/td>\n 30 min<\/p>\n<\/td>\n 30 min<\/p>\n<\/td>\n<\/tr>\n Short term <\/strong><\/p>\n<\/td>\n 8 days<\/p>\n<\/td>\n 30 min<\/p>\n<\/td>\n 30 min<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n AEMO relies on several inputs (capacity, plant layout, numerical weather predictions, plants\u2019 SCADA\u2026) to deliver accurate power forecasts for renewable assets. As Australia transitions to a more renewable energy-dominated grid, forecasting is becoming increasingly complex. The variability of renewable energy sources requires sophisticated forecasting techniques and integration of battery storage, demand response, and other technologies. Regulatory adjustments are ongoing to support this transition, including updates to forecasting methodologies and the incorporation of new market mechanisms, like the Wholesale Demand Response Mechanism, which allows large consumers to be paid for reducing their power use during peak times.<\/p>\n<\/div>Green power acceleration in Australia<\/strong><\/h2>\n
![\"Renewables](\"https:\/\/reuniwatt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/09\/renewables-share-australia.jpg\" "\\"Renewables")
<\/span><\/div>Accurate forecasts prevent power cuts<\/strong><\/h2>\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Accurate wind power forecasts improve power plants’ performance<\/strong><\/h2>\n
![\"Australian](\"https:\/\/reuniwatt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/09\/australian-wind-turbines.jpg\" "\\"australian-wind-turbines\\"")
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