New report shows rise in renewable energy, decline in coal-powered
AEMO sees coal sidelined as renewables dominate new capacity REneweconomy By Sophie Vorrath on 12 December 2013 The need to add more ‘poles and wires’ to Australia’s electricity transmission networks has again been questioned, with a new report by the Australian Energy Market Operator (AEMO) predicting future oversupply of generation capacity in the National Electricity Market and signalling potential generation reductions.
The 2013 National Transmission Network Development Plan (NTNDP), released on Thursday, also predicts that only renewable energy generation will be added to Australia’s grid out to 2020; 84 per cent of which would come from wind, 13 per cent from large-scale solar PV, and 3 per cent from biomass. (graphs)
The report, which considers the impact of changing dynamics in the NEM over the next 25 years, including the effect of the Large-scale Renewable Energy Target (LRET) and of a carbon price – or the absence, thereof – finds that the LRET remains the main driver of national electricity generation investment up to 2020.
This includes 168MW of new wind generation that has recently come online in Tasmania, and a further 131MW in Victoria, 270MW in South Australia, and 386MW in New South Wales committed to come online from 2014-15. AEMO says it is aware of close to 15,800MW of proposed wind generation projects…….http://reneweconomy.com.au/2013/aemo-sees-coal-sidelined-as-renewables-dominate-new-capacity-19726
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