Energy Transition Threatens Gas Power in Australia

Wind Industry Profile of

Cornwall Insight Australia has examined the revenues in Victoria for coal replacement technologies and the impact the transition is having on the captured value for these technologies.

Our research shows that gas power generation (GPG) revenues are being displaced by wind and solar. In Q120, solar revenue was ~4% of the total spot earnings (excluding coal revenues). This was about the same share for solar from Q119. Wind revenue made up ~21% of total non-coal spot earnings in the state in Q120. This was up 5pp from Q119; with wind seeing ~600MW increase in generation capacity in that time. GPG’s share of these spot earnings was down by ~5pp between Q119 and Q120. The below graph highlights the merchant value... ... More: Official Press Release Cornwall Insight

Keywords:

Cornwall Insight, Australia, gas, Victoria, replacement technology, energy transition, solar, wind, renewable energy