Renewables push into energy grid hits new high


The amount of renewable energy installed across Australia hit a record in 2019, pushing the share of electricity generated by solar and wind to new highs.

The Australian is reporting that despite investor concerns over a fall in committed new energy projects in the 2020 financial year, some 6300 megawatts of new renewables capacity was added in 2019, a 24 per cent jump on the previous record set the year prior.

Australia requires at least 30,000MW of solar and wind to replace coal generation by 2040. Calculations by the Australian Energy Market Operator in November found just 151MW of new generation is committed in the current financial year, from just two projects. That compares to 4300MW across 46 plants in the 2019 financial year.

Those numbers may be set to change, with the CER stating in December that it expects another 1500MW of projects with power purchase agreements to reach ­financial close and start construction in the 2020 financial year.

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RES AUSTRALIA WILL PRESENT ON ITS DULACCA RENEWABLE ENERGY PROJECT AT MESCA’S BRISBANE PROJECT BRIEFING ON APRIL 18. REGISTER HERE 


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