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Compiled by: Radheshyam Moholkar
Aranca’s Views
Australia’s RenewableEnergy SectorBetter Days Ahead!
CAGR (2011–20): 4.9%
Driven by favorable government policies and increased investmentin solar and wind energy projects, Australia’s renewable energy sector is on an upswing.
Australia’s Renewable Energy Generation in Gigawatt Hours (GWh) and Share (%) in the Overall Energy Sector
Individual Share of Renewable Energy Sources to the Total EnergyGenerated in 2013
2011 2012 2013 2020F
...........................................................................
Renewable energy’s share in Australia’s
total electricity generationin 2013 was su�cient
to power about5 million homes.
This sector witnessed investments worth
USD5.2 billion in 2013.
...........................................................................
Hydro Tasmania’s network of power plants and the SnowyHydro Scheme in New South Wales largely contributed to hydro 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 705 megawatts (MW) of energy.
Australia’s government has expressed commitment towards increasing renewable energy
consumption 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 the
adoption of wind and solar energy in several states. The rapidly growing renewable energy
sector in Australia is expected to surpass the government’s 2020 target of 20% contribution to
the total energy mix.
Source: Clean Energy Australia Report, 2013; Australian Government - Renewable Energy Target Report
Australia's Renewable Energy Target (RET) 2010 is
a Federal Government policy designed to
ensure that at least 20%of Australia's electricity
generation is contributed through renewable sources
by 2020.
Wind3.99%
Other0.01%
Bioenergy1.03%
SolarPV
1.62%
Hydro
8.12%Fossil Fuel
(200,684 GW)
85.24%
9.6%29,302
13.14%29,678
14.76%34,750
> 20%45,000
Percentage figure above denotes the renewable energy % share of total energy generation.
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