Build required to meet the 2020 target
The status of committed projects and accredited large-scale renewable energy power stations is assessed as 'on track', 'within reach' or 'off track'.
| On track | Within reach | Off track |
|---|
| Indicator is within modelled and acceptable parameters | Indicator is outside modelled parameters but acceptable at this time | Indicator is outside of modelled and acceptable parameters |
These are the lead indicators for progress towards the 2020 target as they demonstrate the pipeline of construction of new renewable energy power stations and final accreditation of projects that can begin to supply certificates.
Table 2: Lead indicators
| Indicator | Description | 2016 progress | Assessment |
|---|
1. Committed projects | Capacity (megawatts) and estimated generation output in a full year (megawatt hours) of large-scale renewable energy projects that have received all development approvals and secured financial investment according to the commercial understanding of the term. | 1350 megawatt capacity was committed in 2016.
At the end of 2016 an additional 719 megawatts was assessed as probable. We expect this will become committed in early 2017.
Together, this new build will be capable of generating an estimated 3 946 000 megawatt hours over a full calendar year. |
Within reach
One-third of capacity required to meet the target was committed or probable in 2016.
This is below our target of 3000 megawatts. It can be recovered in 2017.
Early evidence suggests that the momentum from the later part of 2016 is continuing in early 2017. |
2. Accredited large-scale renewable energy power stations38 | Capacity (megawatts) and estimated generation in a full year (megawatt hours) of large-scale renewable energy power stations we have accredited. | 494 megawatt capacity accredited in 2016.
Capable of generating an estimated 1 530 000 megawatt hours over a full calendar year. |
On track
More than double the expected capacity was accredited in 2016. |
Footnotes