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

Australia News News

Australia’s renewables boom fading as investors lose confidence, energy council says
Australia Latest News,Australia Headlines
  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 98%

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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GuardianAus /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Flood-ravaged North Coast begins second clean-up in four weeksFlood-ravaged North Coast begins second clean-up in four weeksThe SES is giving the all-clear to many residents in some the worst-hit parts of the state, but many are returning to find that what progress they made in the past four weeks has been washed away.
Read more »

'No one was prepared for it': Byron locals begin disastrous flood clean-up'No one was prepared for it': Byron locals begin disastrous flood clean-upByron Bay locals are angry they weren't notified of the disastrous weather conditions as the holiday hotspot was inundated with floodwaters on Wednesday, forcing hundreds of residents to evacuate.
Read more »

Energy market lawmaker blesses hydrogen for gridEnergy market lawmaker blesses hydrogen for gridThe changes would accelerate the integration of hydrogen into Australia’s energy mix
Read more »

Australian ambassador blocked from Cheng Lei’s trial in BeijingAustralian ambassador blocked from Cheng Lei’s trial in BeijingAustralia’s ambassador to China has been blocked from entering a Beijing court to witness the trial of detained Australian journalist Cheng Lei | ErykBagshaw
Read more »

Graham Arnold avoids the axe, will coach Socceroos in World Cup qualifying play-offUnder-pressure Socceroos coach Graham Arnold will stay in charge for Australia's final World Cup qualifiers, Football Australia says.
Read more »

Daria Saville's historic Miami Open run ends at the hands of Olympic championDaria Saville's historic Miami Open run ends at the hands of Olympic championAustralia's Daria Saville bows out of the Miami Open after a stunning run to the quarterfinal, losing to Belinda Bencic.
Read more »



Render Time: 2025-02-28 10:03:41