Speakers: Speaker 21, Hon Sarah Henderson, Unknown Speaker

Transcript

Hon Sarah Henderson

>> Can I ask how many CIS projects have reached financial close and how many have not?

Speaker 21

>> There's 27 that have reached financial

Hon Sarah Henderson

And how many and and over what period of time when when did they reach financial close?

Speaker 21

>> Uh that that's up until today. So last year and this year

Hon Sarah Henderson

>> last financial year or from the 1st of January.

Speaker 21

>> Uh I think I only have calendar years senator. So it's either last calendar year or or until today this calendar year.

Hon Sarah Henderson

>> And how many are expected to reach financial close by the end of this year?

Speaker 21

>> Um we only expect um a handful more. So perhaps up to five more. We we're not entirely sure at this point, but

Hon Sarah Henderson

>> And what about by the end of 2027?

Speaker 21

sorry, Senator, I've just got to find So by um the end of So by the end of 2027 um or during 2027 around another 30 more is what we're expecting.

Hon Sarah Henderson

I mean there's just general concern isn't there about the this uh flagship policy of the why the slow progress to financial

Speaker 21

>> So some of the reasons that I outlined before senator um are are leading to some of the delays like Mr. Brian said, uh, these the projects, um, it's a proponent-led scheme, so they bid the dates that they're working towards. Um, but there have been some challenges, perhaps more challenges than we originally expected in the market. And some of those reasons that I outlined earlier, such as, um, uh, changed, um, fiscal environment, um, pro projects have, um, finding it more challenging, uh, to, to secure, uh, power purchase agreements with lower wholesale prices. So some of those reasons are why the scheme is moving a little slower than we ant uh originally anticipated.

Hon Sarah Henderson

>> What's the total renewable generation capacity announced to date please?