The latest discussion paper in the Australian Energy Council’s “55 by 35” series on Australia’s Energy Future focuses on hydrogen. The AEC has proposed an interim economy-wide emission reduction target of 55 per cent from 2005 levels by 2035 and the papers consider options for decarbonisation. Hydrogen undoubtedly has considerable potential, but it’s still also a long way away from delivering on that potential.
The role of consumers in the energy transition will continue to grow in significance. The Australian Energy Council’s members and other energy sector participants recognise the increasing role of CER in the energy transition as well as the value it can deliver to consumers.
By the end of the first quarter this year solar PV installations had put been fitted to more than 3.7 million Australian rooftops with a capacity of 22.58GW, according to the Clean Energy Regulator. In addition to the latest installation statistics, we take a look at other developments with rooftop solar, as well as the impact utility-scale solar is having on price setting in the National Electricity Market.
Our appetite for solar PV continues. At the end of the third quarter, Australia’s total installed solar rooftop capacity had reached 21.2GW. More than 68,000 new installations were added to the grid in the quarter with a total installed capacity of 620MW. In addition to the latest installation statistics, we take a look at other developments in the sector, including its levelised cost of energy and the average payback period for solar PV systems.
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