In Australia PV projects with cumulative 635 MW to start construction in 2017
Post date: 13/02/2017 - 17:54
In Australia, more than 20 large renewable energy projects are either already under construction or will start this year, creating almost 3,000 direct jobs and generate more than AUD 5 billion (USD 3.8 billion) of investment, according to the Clean Energy Council (CEC). In 2017, more than 2,250 MW of new large-scale renewable energy would be under construction. The figures include four solar PV projects (40 MW) under construction and seven PV parks (635 MW) with financial commitment to start construction in 2017.
»Investors are flocking back to the renewable energy sector following several years of destabilization under the Abbott Government,« says Clean Energy Council Chief Executive Kane Thornton. »The investment is occurring due to the extraordinary cost reductions achieved in renewable energy, underpinned by the bipartisan political support for the 2020 Renewable Energy Target (RET), the Australian Renewable Energy Agency, the Clean Energy Finance Corporation and various initiatives of state and territory governments.« Renewable energy »is now the cheapest type of new energy generation that it is possible to build today.«