Australia’s renewables boom fading as investors lose confidence, energy council says

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Clean Energy Council says Morrison government’s lack of ‘meaningful policies’ and leadership on climate could mark start of downturn

Renewable energy generates 1.6 times the electricity used by Australian households, with 2021 the fifth year in a row of record new capacity.Renewable energy generates 1.6 times the electricity used by Australian households, with 2021 the fifth year in a row of record new capacity.Last modified on Thu 31 Mar 2022 23.56 BST

Renewables now generate 1.6 times the electricity used by Australian households, the council said. Last year alone, another 400,000 homes bought solar panels, adding 3.3GW, the fifth year in a row of record new capacity.Storage also had a “breakthrough year”, with 30 large-scale batteries packing a combined capacity and storage duration of 921 megawatts or 1,169 megawatt-hours under construction at the end of last year.

Thornton said that transition required national leadership and coordination, particularly for new transmission, to ensure funding and regulatory arrangements were aligned. Thornton said the states were “doing as much as in most cases as they can, but it’s not well coordinated”. “That probably shows up most significantly in transmission where often you’re talking about projects across state boundaries.”

 

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Entropy....

Literally every Australian trading partner: We're phasing out coal. Morrison: This is coal! Don't be afraid! Don't be scared!

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