The share of renewables in the power mix could reach 30% by end-2020 (Australia)
According to Australia's Clean Energy Regulator, Australia will raise its share of renewable power generation to 30% by the end of 2020. The total capacity delivered under the Renewable Energy Target increased by 24% in 2019, from 5.1 GW in 2018 to 6.3 GW in 2019. This additional capacity took the share of renewables to 25% at the end of 2019. Consequently, the Large-scale Renewable Target of 33,000 GWh of additional renewable energy will be met. This momentum has been maintained in 2020.
Launched in 2001, the target was initially set at 45,000 GWh, but was reduced to 33,000 GWh in 2015. With the 33,000 GWh objective met, large scale renewables will account for almost 30% of Australia’s total demand. Realising the 2020 objective means the end of public subsidies to renewable projects. The Australian Government scheme will be in place until 2030 but will provide no further incentives to new investment.
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