Australia's Renewable Energy Sector - Better Days Ahead | An Aranca Infographic

  • Published on
    21-Jun-2015

  • View
    27

  • Download
    1

Embed Size (px)

DESCRIPTION

Australias renewable energy sector is on an upswing. Given the fast pace at which this sector is growing, it is expected to surpass the governments 2020 target of 20% contribution to the total energy mix.

Transcript

  • 1. Australias RenewableEnergy SectorBetter Days Ahead!Driven by favorable government policies and increased investmentin solar and wind energy projects, Australias renewable energysector is on an upswing.Australias Renewable Energy Generation in Gigawatt Hours (GWh) andShare (%) in the Overall Energy Sector9.6%29,30213.14%29,67814.76%34,7502011 2012 2013 2020F...........................................................................Percentage figure above denotes the renewable energy % share of total energy generation.Renewable energysshare in Australiastotal electricity generationin 2013 was sucientto power about5 million homes.Australia's RenewableEnergy Target (RET) 2010 isa Federal Governmentpolicy designed toensure that at least 20%ofAustralia's electricitygeneration is contributedthrough renewable sourcesby 2020.Individual Share of Renewable Energy Sources to the Total EnergyGenerated in 2013Wind3.99%Fossil 8.12%FuelOther0.01% 20%45,000SolarPV1.62%Bioenergy1.03%Hydro(200,684 GW)85.24%Source: Clean Energy Australia Report, 2013; Australian Government - Renewable Energy Target ReportArancas ViewsCompiled by: Radheshyam MoholkarCAGR (201120): 4.9%2014 Aranca. All Rights Reserved. www.aranca.comIf you wish to reproduce or use this infographic in any format, please email us at syndicate@aranca.comThis sector witnessedinvestments worthUSD5.2 billion in 2013............................................................................Hydro Tasmanias network of power plants and the SnowyHydro Scheme in New South Wales largely contributed tohydro power generation in 2013.The 18 new renewable projects (including wind, solar,bio-energy, and hydro power) launched in Australia in 2013,have the potential to generate a total capacity of 705megawatts (MW) of energy.Australias government has expressed commitment towards increasing renewable energyconsumption in the country. Currently, hydro energy dominates the clean energy sector.In future, the landscape is likely to change with the expansion of wind and solar energy projects.Rising investment and incentives for small-scale renewable energy projects would drive theadoption of wind and solar energy in several states. The rapidly growing renewable energysector in Australia is expected to surpass the governments 2020 target of 20% contribution tothe total energy mix.

Recommended

View more >