The movement of people and goods around the world is set to increase dramatically over the next decade, presenting a major growth
opportunity for Australia's transport technologies sector and future industries.
Investment in Australian transport infrastructure is forecast to grow at an average annual rate of 4.9 per cent in the next 10 years,
according to PricewaterhouseCoopers and Oxford Economics.
There are also considerable opportunities for resources & engineering in the Asia-Pacific region – the largest transport infrastructure market in the world.
The Construction industry deals with the construction, demolition, renovation, maintenance or repair of building and infrastructure. It is expanding and future industries cover a large range of services, from procurement to social infrastructure to post-construction services. The industry generates over $360 billion in revenue and produces approx 9% of Australia’s GDP, the construction industry is significant.
The resources and engineering of large physical networks necessary for the functioning of a modern industrial nation, such as roads, railways and utilities – provide the means to get to and from work and family. They also provide access to everything from safe drinking water to internet connections and electricity to run the operating theatre equipment that saves lives in our hospitals.
Economic infrastructure networks in turn enable the delivery of what is known as social infrastructure – all the institutions that are required to maintain the economic, health, cultural and social standards of a nation, such as financial systems, education systems and healthcare.
We know the construction and infrastructure industry, we've been at it for generations and are well placed to provide advice and practical knowledge about people, projects and procurement.
New South Wales maintained its clean energy momentum in 2021, making a flurry of new announcements and commitments, including formally declaring Australia's first renewable energy zone, offering $3 billion in incentives and approving the construction of Project EnergyConnect, the $2.3 billion interconnector between NSW and South Australia.
Victorian clean energy ambitions also continued in 2021 with the launch of VRET2, the state's second renewable energy auction that will procure 600 MW of new large-scale wind, solar and hydro capacity across the state. Victoria also became host to Australia's largest battery in 2021 following the completion of the 300 MW/450 MWh Victorian Big Battery. Projects such as Battery of the Nation, Snowy Hydro 2.0, variable renewable generation via wind and solar, and renewable hydrogen are advancing Australia's position as a leader in renewable energy.
According to the Clean Energy Council, the Australian renewable energy industry accounted for 32.5 per cent of Australia’s total electricity generation in 2021, which represented an increase of almost 5 percentage points compared to 2020.
This growth was led by small-scale solar, which added 3.3 GW of new capacity during the year to record its fifth-straight record-breaking year.
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