Australia: Solar pushes renewables to record share
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Posted On: 11/08/2024 9:22:03 AM
Australia: Solar pushes renewables to record share of grid, coal hits new low despite highest spring demand
The share of renewables in Australia’s main grid hit new highs on Wednesday, pushing coal and overall fossil fuel shares to new lows despite the highest levels of native demand seen this spring.
Renewables usually set new production and market share records in spring because of the good conditions and mild temperatures which result in relatively low demand.
On Wednesday, the market penetration of renewables hit a new high of 75.9 per cent – significantly above the first spring record of 73 per cent set in early September. The share of wind and solar alone – variable renewables – hit a new peak of 74.6 per cent, a leap from 71.7 per cent in early October, according to data from GPE NEMlog.
https://reneweconomy.com.au/solar-pushes-rene...ng-demand/
icymi
The share of renewables in Australia’s main grid hit new highs on Wednesday, pushing coal and overall fossil fuel shares to new lows despite the highest levels of native demand seen this spring.
Renewables usually set new production and market share records in spring because of the good conditions and mild temperatures which result in relatively low demand.
On Wednesday, the market penetration of renewables hit a new high of 75.9 per cent – significantly above the first spring record of 73 per cent set in early September. The share of wind and solar alone – variable renewables – hit a new peak of 74.6 per cent, a leap from 71.7 per cent in early October, according to data from GPE NEMlog.
https://reneweconomy.com.au/solar-pushes-rene...ng-demand/
icymi
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