Australia just recorded a milestone in the first week of November, when renewable energy (RE) sources, mainly wind and solar power, provided more than half of the electricity output across the electricity system.
This is the milestone showing that Australia is rapidly reducing its dependence on fossil fuels such as coal. Australia is also expecting the increase in the electricity storage capacity, such as large batteries, in order to accelerate the transition from fossil fuels to clean energy.
The green energy industry in Australia is ready to expand rapidly, promising the prospect of being able to provide 100% RE in the electricity market in the future at certain times.
Australia is currently among the countries that have fastest development of RE in the world.
In the period from 2018 to 2020, Australia installed more than 16 gigawatts (GW) of wind and solar energy. 2018 was the record year for RE installation with 5.1GW, far exceeding 2.2GW in 2017.
In 2019, it is also expected to make a new record at 6.5GW, largely due to a significant increase in the number of wind farms nearing completion. Thus, Australia has reached its target of large-scale production of RE in 2020, which is one year earlier than planned.
The remarkable development of RE in Australia is thanks to not only the ideal weather, but also the strong investments from public and private funds in research and development, tax incentives from the government…
According to EVN
