Wind Farm Construction in Australia - Industry Market Research Report

A big fan: High RETs and demand for renewable energy set to turn recent lows into revenue highs

The Wind Farm Construction industry provides engineering, procurement, construction and commissioning for wind power generation projects. The industry's performance has been underpinned by Commonwealth and state government intervention to boost renewable energy capacity and reduce the reliance on carbon-emitting fossil fuels. The Renewable Energy Target (RET) compels electricity generators and retailers to increase the share of power generated from renewable sources. The Commonwealth's RET was met in early 2021, but most state and territory governments have independently legislated more stringent RETs. Industry companies construct wind farms, which are collections of wind turbines in a particular area. These farms produce and sell electricity to utilities and other customers. Maintenance, repair and operation of wind farms are excluded from the industry’s activities. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.