The South Australian Government has legislated a target of 20% energy to be produced from renewable energy by 2014. With past successes in attracting renewable energy investment, the State is on track to meet this target. In June 2009, the Premier announced an intention for the State of 33% of its electricity production to be from renewable energy sources. These successes of the past have come from managing world-class renewable energy resources with informed and effective policies.
South Australia aims to be the leading State for putting in place policy frameworks that give investors the confidence and certainty they need to capitalise on these outstanding resources. Another avenue for supporting that investment is to provide streamlined and consistent regulation and to facilitate the use of that regulation by investors. Advice to this effect is provided by RenewablesSA.
South Australia’s land use framework has provided the State with a competitive advantage in attracting renewable energy investment. The system is relatively easy to use; is well understood and supported by local Government; and provides certainty of process and timeframes. Further information about the State's processes are detailed in the Guide on Development Approval.
The South Australian Government also recognises the importance of a competitive fee based regime for renewable energy investment. To this end, the South Australian Government has already taken the initiative by becoming Australia’s first and only Government to provide payroll tax relief specifically for investors in renewable energy projects.