News

Renewable Energy Index - January 2018

28 Feb 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.

January 2018

Solar passes 10,000 jobs mark as it becomes significant source of power

  • Large scale solar farms under construction, combined with rooftop solar installations are now on track to support more than 10,000 full time jobs.
  • Over January, 16,042 rooftop systems were installed which supported 5,337 full-time jobs (across installation, design and sales). These systems are expected to provide around $197 million in power bill savings over the next 10 years for the households and businesses that installed them.
  • In addition there was 2,273 megawatts of large-scale solar farms under construction which will provide enough work to employ 5,456 people full time for a year.
  • So far this summer solar has supplied 5% of the NEM and WA main grid’s overall power consumption. This is up from less than 0.5% at the beginning of the decade. By the end of the decade generation from rooftop solar and ground mount solar farms combined will approach 10% of these grid’s electricity consumption. Total power produced by solar nationally over 2020 is likely to be 19,000 gigawatt-hours which is equal to the entire electricity consumption of WA’s main grid.

Overall renewables activity Construction activity and job creation

  • Over January, power produced by all renewable fuels was equal to 17.3% of power consumed across the east and west coast main electricity grids.
  • The amount of renewable energy used in January was equal to the power consumption of 8.5 million homes and avoided an amount of carbon pollution equal to removing 9 million cars from the road - equal to almost two-thirds of all the cars in Australia.

Click here to download report

Events

  • Environmental market insight

    Green Energy Markets seminar delivers high quality content with comprehensive insights into renewable energy and energy efficiency markets. Featuring industry experts and addressing market issues, this seminar aims to equip decision makers with the information they need to make enlightened business decisions.