Both major parties in the election race for the Australian state of New South Wales have put forward plans focusing on solar and storage for households, with some mixed but mostly positive reaction from the industry.
New figures just released show that renewable energy now accounts for one-fifth of all power generated in Australia, the first time it has done so since the 1970s.
The head of Australia’s biggest wind turbine supplier has predicted he undeniable cost competitiveness of wind and solar combined with corporate appetite to purchase clean power means the renewable energy industry will “muddle through” despite a national government policy vacuum.
Brown coal power generation in Australia fell to its lowest level in the history of the modern power grid in the December quarter, as solar and wind generation surged.
According to the Clean Energy Council (CEC), Australia’s renewable energy sector has doubled its output over the past 12 months, with more than $20 billion of projects now under construction, but the current boom will not last without policy certainty.
A landmark study has shown that gas prices not renewable energy, pushes up the price of electricity and renewable energy has reduced electricity prices by far more than the subsidies paid for it.
Australia is on track to reach 50 per cent renewable energy by 2030, an energy consultancy report reveals, even if new installations of wind and solar energy drop to just a third of the present rate.
Australia’s most populous state, New South Wales, has outlined plans to speed development of $2.6 billion worth of transmission capacity to hook up more wind and solar power.
Read more: https://www.iea.org/publications/freepublications/publication/StatusofPowerSystemTransformation2017.pdf