Australian news, and some related international items

Australian States lead in move towards renewable energy boom

Australian renewables head for “boom-time” – led by states, REneweconomy, By Sophie Vorrath on 30 May 2017 [good graphs]  Australia’s renewable energy industry is shaping up for a “boom-time” 2017, powered by a rebound in hydro-power generation, ambitious and motivated state and territory governments, the plunging cost of big solar, and a burgeoning national commercial solar sector.

In its latest annual Clean Energy Australia report, the Clean Energy Council says that an “unprecedented program” of renewable energy projects was set to go to construction across course of thise year, totalling 3150MW of new generation capacity – approximately half what is needed to meet theå remainder of RET.

“At least 30 renewable energy projects will be under construction during 2017, in what is shaping up to be the biggest year for the industry since the iconic Snowy Hydro Scheme was built more than half a century ago,” the report says.

The projects are also expected to deliver more than $6.9 billion in investment and create 3725 jobs, much of them in regional Australia.

The CEC said the “ambitious scope” of renewable energy development in 2017 was largely due to the bipartisan support returned to the RET in 2015, continued falls in the cost of RE and strong support from state and territory governments, as well as from ARENA and CEFC – the latter two are credited with pushing the price of large-scale solar down to almost half what it was just a couple of years ago.

The report was particularly keen to note the influence of state and territory policies and targets, which it said had returned stability to a market “badly shaken” by the previous Coalition Abbott government’s extended RET Review, while also acting to “fill the void of robust national energy and climate policy” beyond 2020…….


May 31, 2017 - Posted by | AUSTRALIA - NATIONAL, energy

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