CONNECT WITH US
Climate & Energy

Climate & Energy

Australian state targets 75% renewables for main grid

pv magazine Global logo

Published on

Add as a preferred source on Google
Australian state targets 75% renewables for main grid

The Western Australia government aims to achieve 75% renewable electricity on the South West Interconnected System (SWIS) by 2030-31, supported by large-scale solar, wind, and battery energy storage projects.

The target doubles the previous goal of 40% and comes as the state prepares to exit coal-fired power by 2030.

The state government said the renewable energy target (RET) is complemented by a Made in WA Energy Affordability Investment Program that will provide low-interest loans of up to AUD 15 million ($10.5 million) to help manufacturers install solar and battery systems and upgrade equipment to take advantage of cheaper energy. 

WA Energy Minister Amber-Jade Sanderson said the new 75% target is a “statement of intent” that is designed to encourage private sector investment.

“We know that renewables, backed by storage and gas, is the cheapest and most reliable energy mix for Western Australia,” she said. “That’s why we’re powering ahead with our support for the energy opportunities of the future and encouraging businesses to invest in WA.”

The government’s commitment has been welcomed by climate advocacy collaborative Solutions for Climate WA and its alliance of business, industry, investors, unions, and advocacy bodies.

Solutions for Climate WA Director Jessica Panegyres said the new target is a key step forward for the state’s energy future.

“[This] makes it clear that the future of our electricity system is renewables,” she said.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.