Australia May Fetch 50% Power from Renewable Energy by 2025

The report suggests that even though the policy support 100 percent reliance on the renewable energy has collapsed following a voting, the solar developments have retained their unexpected pace.

A report by a leading energy research, education and public policy organization, ANU Energy Change Institute has stated that if Australia maintains the current track of solar energy development it would attain benchmark of 50 percent of its power requirements from renewable energy by 2025.

The report suggests that even though the policy support 100 percent reliance on the renewable energy has collapsed following a voting, the solar developments have retained their unexpected pace.

Further, the report supports the fact that Australia has projected renewable energy development capacity which can deliver 100 percent reliability on renewable energy by 2030.

Moreover, the year spanning 2017-18, Australia has been seen installing a whopping 2,200 MW of renewable energy.

Based on data input from the Clean Energy Regulator, during 2018 and 2019 Australia will install about 10,400MW of new renewable energy, comprising 7,200MW of large-scale renewables and 3,200MW of rooftop solar.

Significantly, the country’s developers believe that there is little or no requirement of external fundings for the development of the solar or wind farms.

The industry experts are of the view Australia’s renewable energy industry has the capacity to deliver deep and rapid emissions reductions. Direct government support for renewables would help, but it is no longer vital.

Source: The Conversation