Renewable electricity generation on rise, jobs at risk – GEM

Renewables are well-placed to make up a third of Australia’s National Electricity Market (NEM) within two years, as a number of states has made remarkable progress in adding renewable capacities, finds Green Energy Market in its latest analysis.

This almost doubles the 2015 rate when renewables contributed just 17.3% of annual electricity consumption and far exceeds the 23.5% mandated by the Renewable Energy Target.

According to GEM’s data, renewables are likely to exceed 40% share by 2030 given a range of corporate procurement tenders, while the untapped potential from projects under development could produce power equal to 85% of the NEM’s 2030 consumption.

Published in PV Magazine Australia, 25th July, 2018