Luckily, a company called Edl Energy is planning to develop a wind farm in Cape York, the largest in Australia. Cape York will account for 372 MW of the 1,000 MW wind farm that is expected. The $4.4 billion project is expected to be completed in 2015 and will provide enough power for approximately 300,000 average Australian households. These days wind is an affordable and environmentally friendly source of energy, especially if it is used to supplant power from fossil fuels. And with all the windy area in Australia, it makes sense for a company to put up some wind turbines and generate energy.
Many people want to know if renewable energy is worth the investment. Let’s take a look at Australia’s energy situation. There are three viable alternatives to fossil fuels: solar, wind, and hydroelectric. Solar and wind are very viable, with no fuel costs and no carbon dioxide emissions. Hydroelectric is also competitive, but in some cases the dams can have environmental impact.
EDL Energy Australia’s energy situation. In a first for the free market system in Australia, Asia’s largest util ity company was merged with EDL Energy to form OneEnergy. This meant that one company owned electricity generation (all new and existing generators) transmission and retail businesses in large areas of Western Australia including Perth metro region as well as Geelong. This made the companies roughly equivalent size; both had under 500 MW of power generation capacity at their inception while they have 816MW and nearly 2% of the national market respectively.
A problem with combining energy generation, transmission and retail in to one company was that it created what analysts came to call “spaghetti bowls” where customers in different areas could have unusual power prices. This made OneEnergy vulnerable to volatile gas prices which were driven by a people’s revolt against coal-fired electricity generating plants in Victoria, South Australia and Queensland on insufficient justification for their construction justifying them economically even after their construction.
Further, the system provided always be a limited degree of interaction between energy consumers due for instance to the uneconomic generation capacity being needed in areas with high population density and low generation output meaning that decision making would vary from area to area depending on utility profits targets as well as when gas prices were increasing or decreasing such that cars ran out of fuel.
EDL Energy vs ERM
The latest incarnation of EDL is an enterprise risk management (ERM) company providing comprehensive solutions to clients in the oil and gas, banking and insurance industries. As part of this renewed focus on ERM, TDI has partnered with leading ERM providers such as MSC Software Corporation and Towers Watson. These collaborations give TDI a deeper understanding of the needs for tailored solutions across the industry.”
EDL Risk Solutions Limited was founded in 1991 under the name of EDL Information Systems. The company developed, hosted and managed a range of information systems for companies in the industrial, banking and insurance sectors.
In 2007 TDI acquired EDL Risk Solutions Limited from its original private equity investors led by EQT Partners. In 2013 TDI rebranded the company as EDL Risk Solutions Ltd to better reflect its growing focus on enterprise risk management solutions for clients across the oil and gas, banking and insurance industries.
Today, EDL Risk Solutions Ltd continues to operate from its headquarters in Leipzig, Germany and offers comprehensive solutions for clients in the oil and gas, banking and insurance industries.