Essays on Stakeholder Analysis, Milestones, Risks - Barn Hill Wind Farm Research Paper

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The paper "Stakeholder Analysis, Milestones, Risks - Barn Hill Wind Farm " is a perfect example of a management research paper.   AGL is one of the top integrated energy companies in Australia. In line with its mission and vision, the company aims towards creating sustainable energy for the future for its investors, customers and communities. As part of this, AGL runs both merchant and retail energy businesses, upstream gas portfolio and assets for power generation. In other words, AGL deals in diverse energy options, including thermal power and other renewable sources of energy.

Speaking of renewable energy, AGL is the leading private owner as well as the operator of assets for renewable energy and has always sought to expand its position in this field, especially by exploring options for low emissions and other development opportunities for the generation of renewable energy (AGL 2009). Barn Hill Wind Farm is part of that dream. On 18th of June, 2009, AGL announced it had acquired from Transfield Services Limited two (Barn Hill) wind farm developments at the price of $9 million. The Barn Hill Wind Farms are located north of Adelaide, 170 km away.

The development plan for this wind energy project is to involve the installation of 62 turbines. The project, in line with other projects in the region, is expected to have average wind speeds of about 8.3 meters per second in the long run (AGL 2009). This paper is a project proposal report aims to review aspects of the project from inception to execution, including objectives, stakeholder analysis, milestones, risks and recommendations, amongst others. Background Climate change is a reality and there is a need to not find a solution to it.

Part of this solution is found in the sources of energy used. Therefore, there is need for Australia, and the world at large, to consider and seek other energy alternatives rather than fossil fuel. Although wind does not provide the only answer to climate change (such an answer is not as simplistic), it is one critical consideration. This is confirmed by research statistics that have shown that the development of wind energy in South Australia reduces the emission of greenhouse gases as a result of reduced electricity consumption, i.e.

not only the number of greenhouse gases emitted but also the intensity of such emissions. Moreover, wind remains the only economically viable and competitive sustainable energy form well poised to form a key part of the fight against climate change. Other sustainable energy sources being used, such as methane or other biological wastes, may be feasible, but they still have limited capacity (Clarke, 2012). Against this backdrop, it is easy to see that this project is not only financially sensible for the AGL, but also in line with its commitment to providing sustainable energy.

In agreement, AGL’ s Managing Director, Michael Fraser (cited in AGL 2009) welcomed the project as being consistent with the company’ s Renewable Energy Target Scheme. Also, the project would be part of the path towards achieving the Australian’ s Federal Government’ s target of 45,000-gigawatt-hours of renewable energy by 2020. Thus, on the basis of South Australia’ s anticipated or current climate change regulatory requirements, this report concludes the Barn Wind Farm development will offer significant opportunities for AGL, which will hinge on the company’ s reputation for flexibility on renewable energy and low greenhouse gas emissions.

The introduction of Carbon Pollution Reduction Scheme, for instance, the Barn Wind Farm development will be part of the many investments that add $300 million to AGL’ s value by 2020, thanks to its potential renewable and low emission assets and not having to purchase AEUs.

Bibliography

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Services. http://www.agl.com.au/about/ASXReleases/Pages/AGLacquirestwowindfarmdevelopmentsfromTransfieldServices.aspx (accessed 21 June 2012)

AGL 2012. Renewable Energy.

http://www.agl.com.au/about/Pages/RenewableEnergy.aspx (accessed 20 June 2012)

AGL Sustainability Report 2009. Expand our portfolio of investments in renewable

energy. http://2009.aglsustainability.com.au/greenhouse/strategy02.asp (accessed 21 June 2012)

Alexander, T, Barry, B, Choto, J, juste, Y & Smith, M 2009. Wind turbine energy for the

city of Kamsar- Guinea. http://www.slideshare.net/yjuste/wind-energy-project (accessed 21 June 2012)

Clarke, D 2012. Wind power and wind farms in SA: wind in the

Bush, http://ramblingsdc.net/Australia/WindSA.html (accessed 20 June 2012)

KPMG 2011. Stage 3 Report: Semi-scheduled, non-scheduled and exempted generation

by fuel source, 2010-2011 to 2034-35. A Report for the Australian Energy Market Operator (AEMO), April.

U.S. Department of Energy 2009. Federal energy management program: wind

energy resources and technologies, http://www1.eere.energy.gov/femp/technologies/renewable_wind.html (accessed 21 June 2012)

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