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Posted On: 10/30/2024 5:35:44 PM
Post# of 13775
AEMO: Australia’s NEM surpasses 45GW of renewable energy projects in grid connection process
https://www.pv-tech.org/aemo-australias-nem-s...n-process/
The 45GW figure is a 36% increase year-on-year. Image: Inpex Corporation
The Australian Energy Market Operator (AEMO) has signalled that solar PV, energy storage and wind projects looking to connect to the National Electricity Market (NEM) at the end of Q3 2024 surpassed 45GW.
According to the organisation’s latest Quarterly Energy Dynamics report, released today (29 October), 45.6GW of new renewable energy capacity was progressing through the connection process from application to commissioning, representing a 36% increase from 33.4GW at the same time last year.
Around 38% of this capacity is in New South Wales, 30% in Queensland, 21% in Victoria, and 10% in South Australia.
The majority of these projects, around 79%, are in the early development stage, specifically in the application or proponent implementation stages. Solar PV comprises 45%, 31% battery energy storage, 15% wind energy, 7% pumped hydro and 2% gas.
Energy storage projects saw an 87% year-on-year increase in Q3 2024, with 14.6GW currently in the connection process.
icymi
https://www.pv-tech.org/aemo-australias-nem-s...n-process/
The 45GW figure is a 36% increase year-on-year. Image: Inpex Corporation
The Australian Energy Market Operator (AEMO) has signalled that solar PV, energy storage and wind projects looking to connect to the National Electricity Market (NEM) at the end of Q3 2024 surpassed 45GW.
According to the organisation’s latest Quarterly Energy Dynamics report, released today (29 October), 45.6GW of new renewable energy capacity was progressing through the connection process from application to commissioning, representing a 36% increase from 33.4GW at the same time last year.
Around 38% of this capacity is in New South Wales, 30% in Queensland, 21% in Victoria, and 10% in South Australia.
The majority of these projects, around 79%, are in the early development stage, specifically in the application or proponent implementation stages. Solar PV comprises 45%, 31% battery energy storage, 15% wind energy, 7% pumped hydro and 2% gas.
Energy storage projects saw an 87% year-on-year increase in Q3 2024, with 14.6GW currently in the connection process.
icymi
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