Last year was a tough one for renewable energy in Australia, with the amount of generation, investment and employment in the sector falling substantially, according to the Clean Energy Australia Report 2014 released by the Clean Energy Council today.
Clean Energy Council Chief Executive Kane Thornton said 2014 was one of the toughest years for the renewable energy sector for more than a decade. But with a bipartisan deal on the Renewable Energy Target (RET) now agreed between the major parties and legislation being debated in Parliament, the future for the sector was looking much brighter.
“The review of the RET stalled investment in large-scale renewable energy such as wind and solar power in 2014, with investment falling by 88 per cent,” Mr Thornton said.
“Rooftop solar power continued to grow, and the commercial solar sector saw the strongest growth of any form of renewable energy in 2014, as it was less affected by the RET review,” he said.
“More than 15,000 businesses have now installed a solar power system, helping them save a collective $64 million on their power bills every years. Some major brands also saw the potential of solar power, with Mars Confectionery and IKEA both making major investments in the technology.
“A dry year for rainfall in hydro catchments meant the amount of power generated by renewable energy in 2014 actually went backwards, from 14.76 per cent of Australia’s total power in 2013 down to 13.47 per cent in 2014.
“The good news is that a deal on the RET has been agreed between the major parties and was supported by some of the country’s most influential business peak bodies and energy user groups. Once this deal is legislated, it will help return investment to the sector and build a lot more major renewable energy projects.”
The Clean Energy Australia Report 2014, produced by The Clean Energy Council, is a summary of all the major renewable trends from the previous year.
The analysis on clean energy generation is some of the most comprehensive available, going beyond the National Electricity Market and taking into account all off-grid generation, as well as regional electricity grids in Western Australia and the Northern Territory.
Mr Thornton said Bundaberg in Queensland was Australia’s solar capital at the end of 2014, closely followed by Mandurah in Western Australia and Hervey Bay, just over 100 km from Bundaberg.
“In large-scale renewable energy, three new wind farms completed construction during 2014, along with the Royalla Solar Farm, which was built with the help of the ACT Government,” he said.
The key findings of the Clean Energy Australia Report 2014 are:
Please contact Clean Energy Council Media Manager Mark Bretherton on 0413 556 981 for more information or to arrange an interview.
This article is sourced from the https://www.cleanenergycouncil.org.au