PV Installations on Point for 100% Renewable Energy in Early 2030s

You read right and we are talking about Australia.

In a paper released Monday 10 September by the Energy Change Institute, Professors Kenneth Baldwin, Andrew Blakers and Dr. Matthew Stocks demonstrate that present projections indicate Australia can: comfortably meet the emissions reduction target agreed on in Paris, easily exceed the existing RET and even reach 100% renewable supply by the first few years of the third decade of the current century.

As of August 2018 the Clean Energy Regulator (CER) has identified 7,200MW of large-scale renewable sources of power production (half PV, half wind, 2% other) as well as 3,200MW of small-scale solar installs on residential rooftops to be commissioned and completed by the end of 2019. Amounting to a staggering total 10,400MW of incoming new renewables.

That's 30% of all Australia's national peak demand, all told.

Given this trend, granting things proceed apace and allowing a few axiomatic assumptions, we would see 50% renewable supply by 2025 and the full 100% early into the 2030s.

These projections do not even included recently announced incentives introduced at the local level by State Governments.

VRET, the Solar Homes initiative and a promised battery rebate for 10,000 solar homeowners in Victoria conditional on Labour's reelection.

The exciting news that in SA, as of this October coming, 40,000 households will have access to $100 million in State Government subsidies and $100 million in loans to pay for the installation of home battery systems.

The 50% by 2030 renewable targets of Queensland and Northern Territory respectively.

Can't say what WA, NSW and Tasmania are up to. Typical really.

Anyways, if this isn't great news to kick off your week. I couldn't say what would be.

Get involved and be in touch today with a friendly, informative and helpful Astra Solar consultant to add some more KW to the total and bring your bills down!

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