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Victoria achieving at least 20 per cent renewables share?
The Victorian Government is aiming for at least 20 per cent renewables market share of generation by 2020. This paper draws together the results of some recent work that we have undertaken to provide a snapshot of the current level of renewable energy in Victoria and what level of new projects need to be committed to achieve different levels of market share.
Renewables target needs 3,800MW of large scale renewables within 12 months
Australian electricity retailers continue to sit on their hands, refusing to sign power purchase agreements for new large scale renewable energy projects, but some 3,800MW of capacity will need to be committed within the next 12 months if a shortfall in the renewable energy target is to be avoided.