Helping organisations reach final investment decision (FID) by organising, collating, focusing, and unblocking the barriers to Australia delivering its emissions reduction targets.
Australia has set ambitious renewable targets – 82% renewable generated electricity by 2030. However, we are at serious risk of falling significantly behind those ambitions.
The scale and speed at which we are delivering renewable technology into the electricity grid is too slow. To meet its 2050 targets, for domestic needs solely, Australia needs to increase its current generation capacity five-fold.
Australia has a substantial pipeline of proposed renewable energy generation projects (currently more than 250 GW for the NEM alone). The vast majority of these projects are stuck in the early stages of the development lifecycle – pre final investment decision. The critical thing is to get these projects organised and away from desktop analysis and into investment committees and ultimately constructed and grid connected.
But this is not happening fast enough. This is due to four main reasons:
Welcome to Smart.FID, a first of its kind energy transition project accelerator that brings a singular and hyper-focused approach to achieving one goal. FID. Smart.FID is a ‘set-menu’ approach designed to expedite the journey to reaching the major milestone of final investment decision, and subsequently, paving the way for organisations to roll out the renewables infrastructure required for Australia to meet its emissions reductions targets.
Deloitte’s Smart.FID helps clients achieve this singular focus by –
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