Australia Is Set To Beat Record 3300 GWh Of Renewable Energy

Jon Capistrano
Jon Capistrano
May 20, 2017

If the present pace of investment continues all throughout this year, Australia may beat the 2020 Renewable Energy Target. As of last week, the Australian Energy Regulator released a new report which it showed that their renewable energy target which involves sourcing approximately 3300 GWh of renewable energy by 2020 is achievable and that if the present pace of investment continues this 2017. The report also stated that this progress has gone up at the end of 2016 and into early 2017.

Also, a number of new renewable energy projects were announced last year and these projects showed an increase in the amount of large scale renewable power generation being funded last year. Although these projects are good, the AER stated that for progress to be satisfactory, a total capacity of 3 GW of new power stations are needed. But that being said, only 1350 megawatts of new capacity was committed.

It is also expected in the coming years that the demand and supply will be tight and an estimated 3 gigawatts and 1 gigawatt will be committed in 2017 and 2018 respectively.

The issue lies in being able to extract these projects and deliver them on time and make the renewable energy certificates available to electricity retailers to meet their obligations in the near future.

Click here to read the full story on Times Lifestyle

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin
OUR MOST POPULAR POSTS

Trending Posts

Making a Big Deal of Microgrids
Solar

Making a Big Deal of Microgrids

Australia is right now experiencing an energy revolution. It’s profoundly exciting. Yet if there’s one challenge we are facing, it’s that because the speed and scale of change is so vast, it’s easy for certain aspects of it to be overlooked a little now and then.

The Ambitions of the Asian Renewable Energy Hub
Green Energy

The Ambitions of the Asian Renewable Energy Hub

Australia has always known it would build stronger ties throughout Asia. There are many reasons for this, but central is the shared cultural and economic links that connect a nation of 25 million into a region of over 4.5 billion.