<
https://reneweconomy.com.au/terrific-news-battery-boom-and-rebound-in-wind-projects-put-renewables-target-back-on-track/>
"A record amount of new battery storage capacity and a rebound in onshore wind
projects have helped deliver the “healthiest” quarterly investment numbers for
new renewables in Australia in more than two years, new data from the Clean
Energy Council has revealed.
More than 1,400 megawatts (MW) of new large-scale solar and wind energy
generation projects, worth $3.3 billion in new investment, were committed in
the third quarter of 2024, according the
Quarterly Renewables Report
published by the CEC on Monday.
Investment in energy storage, meanwhile, saw eight projects with 1,235 MW of
new capacity and 3,862 MWh storage duration reach financial commitment for the
quarter – a 95 per cent increase compared to the same time last year and a new
12-month quarterly average record.
This brings the pipeline of renewable energy projects to have reached financial
close or be under construction around Australia to a total of 89, representing
13.9 GW of capacity in the pipeline, the report says.
And in the case of energy storage, a total of 49 projects are in the pipeline
from financial commitment onward, equivalent to 9.7 GW / 24.3 GWh in capacity.
“This is terrific news for energy consumers across the country, who will
benefit from the next generation of power plants coming online, putting
downward pressure on electricity prices,” says Clean Energy Council chief Kane
Thornton.
“If we sustain the level of investment for new wind and solar power plants
which we have seen in the third quarter of this year, we can get back on track
to achieving Australia’s target of 82 per cent renewable energy generation by
2030.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
