Renewable Energy Index - April 2018
To assist the Australian community in understanding the role and contribution of renewable energy to meeting our energy needs while also providing an important source of employment and reducing pollution, Green Energy Markets produces the monthly Renewable Energy Index.
The index tracks the contribution of the renewable energy sector broken down by fuel type and state on a series of metrics that are intended to translate abstract concepts such as megawatts and tonnes of CO2 into concepts the community can understand and appreciate such as number of households powered, and number of cars’ pollution avoided.
Rooftop solar PV installs 56% above last year’s record-breaking rate, with employment insolar installations making up more than a third of the all employment in the electricity generation sector.
● With a third of the year passed, rooftop solar installs have exceeded 100 megawatts for every month of this year.
● Over April 108 megawatts were installed and the monthly average for 2018 is 113 megawatts. The amount installed over just these four months will generate more electricity than what is consumed by households in major regional cities like Darwin, Geelong, Newcastle, Toowoomba, or Bunbury.
● This monthly average of 113 megawatts is 56% higher than the average monthly rate at the same time last year - a year which represented a new record for solar installs at 1,072 megawatts.
● Given installs tend to lift towards the end of the year, this rate suggests 1,400 to 1,500 megawatts by the end of 2018 are reasonably likely. To put this into perspective, in the time it would take to build a completely new coal power station (at least five years), this rate of solar installations would deliver a combined amount of capacity two and half times larger than Australia’s largest coal generator - Eraring.
● Solar installation is now a major component of the Australian electricity generation sector. Employment in the design, installation and sales of solar PV so far this year has averaged just under 5,500 full-time jobs. By comparison the last census recorded 10,268 people employed across the entirety of other power stations in the country.