South Australia: Renewables Could Beat Fossil Fuels By 2025

By 2025, it’s expected that 67% of South Australia’s power capacity will come from renewables and gas demand will go down by 70% in the power sector

Aouth Australia renewable energy

The decreasing prices of renewables and energy storage will overcome gas-fired generation in South Australia as early as 2025 as reported by the joint research conducted by Wood Mackenzie and GTM Research.

South Australia closed its last coal plant in 2016. By the year 2025, wind, solar and battery costs will go down by 15%, 25% and 50% respectively. By that time, renewables and batteries could offer a lower cost alternative to combined-cycle gas turbine plants, which are generally used in managing base load power generation in SA.

By 2025, it’s expected that 67% of South Australia’s power capacity will come from renewables and gas demand will go down by 70% in the power sector.

Click here to read the full story in Oil Price

 

Cheap Solar

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.

Leave a Reply

Your email address will not be published.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

renewable energy target

Glencore Coal Chief Wants to Stop Renewable Energy Target

Solar Australia

Equis Energy Bringing Biggest Solar Project To Australia