The latest Renewable Index Report from GEM says Australia sourced 20.2 per cent of its electricity from renewables in the month of June, and is on target for 33 per cent renewables by 2030, including rooftop solar – as it forecast last month.
This report looks at the individual states in detail. And apart from the faster-than-expected deployment in Victoria, it also confirms that South Australia is heading to 70 per cent renewables by 2020, and 85 per cent by 2030.
Victoria has a 25 per cent target by 2020 and a 40 per cent target by 2025. Both will be easily met, according to this data. And just calculating rooftop solar additions alone could go to 45 per cent by 2030 – any further large scale generation of course would increase that.
New South Wales, on the other hand, which has no state target or ambition, is likely to trail other states and source less than 20 per cent of its electricity from renewables in 2020 – despite the immense resources of Snowy Hydro, and may only scrape to 26 per cent by 2030.
The report also notes that two new wind farms in Tasmania that are under construction would mean the island state could meet its needs entirely with renewable energy, but it could generate 20 per cent more renewable energy than it consumes if its development projects were to proceed to construction.
“Their future is as clean power exporters.”
The report was prepared by GEM for campaign group GetUp. Its campaigns director Miriam Lyons said the data highlighted how with strong targets and the right policies, Australia could have a clean and green future.
“The rapid ramp-up in investment in the past three years have shown the kind of growth possible with strong targets and supporting policy and demonstrates we can reach for far greater targets down the track.
“What the REI demonstrates is there’s a clear option here, we kill off renewables growth and pollute the planet with a do nothing NEG, or we develop a policy that sets strong targets and continues the renewables boom and delivers a cleaner and greener Australia.”
Giles Parkinson is founder and editor of RenewEconomy.com.au, and is also the founder of OneStepOffTheGrid.com.au and founder/editor of www.TheDriven.io. Giles has been a journalist for 35 years and is a former business and deputy editor of the Australian Financial Review.