Renewable energy projects generate 24% of Australia’s total power generation, up from 21.3% in 2018, according to the latest annual report from the Clean Energy Council.
Wind’s new position as a leading renewable source is partly due to the ongoing drought conditions in eastern Australia which have resulted in decreased water production.
However, the capacity of wind and sun also grows rapidly. The wind sector added 837MW of new capacity in eight projects last year.
Meanwhile, large-scale solar adds more than 1.4GW, while solar roof adds 2.2GW. As much as 4.4GW of new renewable energy capacity is added throughout the year.
This all means that wind power generates 19.5TWh in 2019, compared to 14.2TWh from hydro and 5.1TWh from large-scale solar sources. Therefore, wind power projects generate more than 35% of Australia’s renewable electricity.
In 2018, wind power generates 16.17TWh of electricity, a little less than hydro.
However, despite the strong year, the Clean Energy Board warned that momentum could slow down following a sudden drop in investment.
“After more than a decade of unstoppable growth, 2019 sees a 50% reduction in new large-scale energy investment commitments – with grid congestion, erratic transmission loss factors, and system power problems creating obstacles for project developers and impacting investor confidence,” said CEC head Kane Thornton.
Financial commitments for renewable energy fell from A $ 10.7 billion (US $ 6.6 billion) in 2018 to A $ 4.5 billion (US $ 2.8 billion) last year.
“There are still strong pipelines from renewable energy and storage projects, and huge customer demand for roofs and roof batteries. This will be crucial in replacing aging coal-fired power plants, meeting Australia’s climate change targets. and ensure affordable and reliable electricity supply, “Thornton added.