Power opportunity assumptions – Capex Barriers45 Opportunity Action required to realise opportunity Alignment with strategic priorities Waste-to-energy Installation of a ‘grate-type’ waste-to-energy facility with capacity to process Capital constraints 1,000 tonnes per day, including industrial waste. Investment priorities Lack of carbon price Assumptions: $25 191,300 27 $11,300/kW Uptime 330 days per year Lifespan 40 years investor Fixed costs $45/kW Variable costs $4/MWh Waste-to-energy facility Geothermal Build Demonstration plant of Geelong Geothermal Power Plant with Capital constraints Investment priorities capacity of 12 MW. Lack of carbon price Assumptions: Uptime: 95% 93,377 60 $56 $6,025/kW Lifespan: 30 years Fixed maintenance cost in 2020: A$83/kW per annum Energy Variable maintenance cost in 2020: A$3/MWh Grid maintenance/upgrade cost in 2020: A$40/MWh Wholesale electricity price earned in 2020 $35/MWh Price of RECs earned in 2020 $33.5/MWh Greenearth A range of policies and programs that can be used to assist in overcoming barriers can be found on the Future Proofing Geelong website via 85 45
Power – opportunity assumptions Opportunity Action required to realise opportunity Capex Barriers45 Alignment with strategic priorities Waste-to-energy Installation of a ‘grate-type’ waste-to-energy facility with capacity to process 1,000 tonnes per day, including industrial waste. Assumptions: Uptime 330 days per year Lifespan 40 years Fixed costs $45/kW Variable costs $4/MWh Waste-to-energy facility investor 191,300 27 $25 $11,300/kW Capital constraints Investment priorities Lack of carbon price Geothermal Build Demonstration plant of Geelong Geothermal Power Plant with capacity of 12 MW. Assumptions: Uptime: 95% Lifespan: 30 years Fixed maintenance cost in 2020: A$83/kW per annum Variable maintenance cost in 2020: A$3/MWh Grid maintenance/upgrade cost in 2020: A$40/MWh Wholesale electricity price earned in 2020 $35/MWh Price of RECs earned in 2020 $33.5/MWh Greenearth Energy 93,377 60 $56 $6,025/kW Capital constraints Investment priorities Lack of carbon price 45 A range of policies and programs that can be used to assist in overcoming barriers can be found on the Future Proofing Geelong website via 85
8d39c33d3316893-Geelong%20LCGP%20ClimateWorks%20report%20-%20FINAL.docx