Australia Awaits Record-Breaking Year

Australia’s renewable energy market is set for another record year in 2020 as Rystad Energy expects utility wind and solar photovoltaic (PV) projects totaling 3.6 gigawatts (GWac) of capacity to complete commissioning, up from 2.6 GWac in 2019.

This comprises 1.96 GWac in utility PV projects and 1.57 GWac in wind developments, with the remaining 0.1 GWac coming from batteries. It is also likely that new markets will begin to open up as pilot hydrogen projects come on line and the off-grid sector (mining and oil & gas) starts to invest in renewables. “The Australian renewables sector has been through a bit of a quiet spell as few new projects have broken ground in recent months, but we expect the industry to bounce back in the second half of 2020. Projects... ... More: Official Press Release Rystad Energy

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