Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Solar overtakes wind as renewable source in Australia

Solar power
Solar power

Solar power became Australia’s largest source of renewable energy in 2014, with a cumulative installed capacity of 4 gigawatts (GW), overtaking wind power.

Research by research firm GlobalData revealed solar photovoltaic (PV) surpassed wind generated power, which totaled 3.8GW.

The report demonstrates renewables have become an integral part of the energy policy in Australia.

The government has introduced new policy instruments and efforts to attract investment in research and development and new projects.

For example, in 2012, the government introduced a carbon pricing mechanism, to support a move to a low-carbon economy.

The mechanism provided incentives for the reduction of emissions with a fixed annual price for three years.

Although the mechanism was scrapped in July 2014 to support economic growth, tax liabilities for the applicable years have to be met in full.

Siddhartha Raina, GlobalData’s senior analyst covering power, says that growth in Australia’s solar PV market has been a recent development, and is largely due to policy support from the government, which has often included financial incentives.

However, some regulations, such as National Greenhouse and Energy Reporting Regulations 2008 and the Australian National Registry of Emissions Units Regulations 2011, are currently undergoing amendments, and the Clean Energy Regulator has recently announced that it will hold the second Emissions Reduction Fund auction for carbon abatement contracts.

Raina said: “The government recently announced the revised Renewable Energy Target (RET) to support emission-intensive industries and slightly reduced the RET from 41 Terawatt hours (TWh) to 33 TWh. Despite this, new renewable energy capacity of 6GW still needs to be installed by 2020.”

GlobalData’s report also reveals that while solar and wind power will remain key contributors to Australia’s renewable energy mix, bioenergy is set to become increasingly important.

Raina continues: “While feed-in tariffs and renewable energy target schemes, along with other subsidies and support initiatives, have had a major impact on the solar PV and wind industries,the impact of such programs on biopower and small hydro has been minimal.

“Despite this, strong government backing is expected to promote stable growth in the bioenergy sector. Bioenergy capacity amounted to 573.9 Megawatts in 2014 and is expected to more than treble to 1.8 GW by the end of 2025,” the analyst concludes.

Recommended for you

More from Energy Voice

Latest Posts