Australia is set to achieve its target of generating a quarter of its energy needs from renewable sources by 2020, according to new statistics out this week.
The country’s Clean Energy Regulator (CER) had previously estimated that 6000 megawatts would need to be added between 2016 and 2019 to achieve this goal. And the CER confirmed on Tuesday that this would be ‘surpassed ahead of schedule’ thanks to record investment levels in renewable energy last year.
To date, 4924 megawatts of 6532 megawatts of planned capacity is already operating or under construction, with the remainder due to be underway this year.
Australia continues to be a global leader in green power, and ranked fifth last year in a renewable energy country attractiveness index (recai) from EY.