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|Australia's renewable energy industry is delivering rapid and deep emissions cuts||367.79 KB|
During 2018 and 2019 Australia is likely to install about 10,400 Megawatts (MW) of new renewable energy, comprising 7,200 MW of large-scale solar photovoltaic (PV) systems and windfarms together with 3,200 MW of small-scale rooftop PV systems. Combined, this represents 30% of Australia’s peak electricity demand.
The Australian renewable energy industry is convincingly demonstrating its capacity to install large amounts of wind and PV systems. If industry is able to continue to deploy wind and PV at the current rate into 2020 and beyond then Australia will:
The current deployment rate could well continue. Prices of wind and PV are falling rapidly, potentially opening new markets and placing downwards pressure on electricity prices. Opportunities are broadening beyond the wholesale market as companies recognise the economic and environmental credential benefits of renewable energy.
Developments in PV and wind both globally and within Australia are happening far faster than public discourse suggests. It is therefore highly desirable that national energy planning has a real-world view of the facts on the ground in order to prepare for this rapid change.
Renewable energy thriving, but needs more policy certainty: report http://www.abc.net.au/radio/programs/am/renewable-energy-thriving,-but-needs-po…