Bloomberg Stated that Australia Will Be Attractive for Cheap Wind and Solar Power

The costs for solar PV panels, wind power and solar batteries will go down rapidly and will quickly undercut coal and gas power.

Affordable wind and solar power will make Australia attractive for many energy-intensive industries within 10-20 years. Emerging trends will result in a fast uptake of the so-called distributed energy technologies, making Australia one of the most decentralised energy markets in the world. Small scale solar PVs will be the biggest single source of power generation capacity by 2040, providing 44GW or 31% of the mix. A Bloomberg report said that Solar PVs will take the place of coal as the backbone of Australia’s energy supply.   Click here to read the full story on Australian Financial Review
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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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