Australia is on track to meet its large-scale renewable energy target in 2020
Post date: 24/07/2019 - 19:24
At the end of 2018, enough utility-scale renewables capacity was commissioned and generating, or under construction, to meet the Australian »Large-scale Renewable Energy Target in 2020«, according to the »2018 Renewable Energy Target« administrative report released by the Clean Energy Regulator. »With the capacity of new build commencing generation in 2018 combined with the expected accreditations in 2019 and 2020, we expect generation to step up from around 22,000 gigawatt hours in 2018 to around 30,000 gigawatt hours in 2019 and 40,000 gigawatt hours in 2020.« The transformation of Australia’s electricity grid is accelerating. »Australia is installing solar and wind so fast that it is now leading the world in the per capita deployment rate for renewables.«
Renewable capacity installed under the Renewable Energy Target more than doubled from 2.2 GW in 2017 to 5 GW in 2018. A record 3,455 MW of large scale renewable energy projects were installed in 2018, more than triple the 1,113 MW installed in 2017. »The strong momentum in new firm project announcements continued in 2018 and early 2019 well beyond the point where it was clear the 2020 target would be exceeded.«
The 2018 Renewable Energy Target Administrative Report is available free of charge as PDF (71 pages) on the Clean Energy Regulator website (»www.cleanenergyregulator.gov.au«).