Renewable Energy Index - November 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.
- In November renewables achieved a market share of 23.7% across the east and west coast main grids. It marks the sixth month in a row that renewables have represented over 20% of supply.
- The amount of power generated by renewables in November was equal to the consumption of over 10 million homes - this actually exceeds the number of dwellings in Australia.
- Rooftop solar saw a major surge in installations over November with 24,093 systems installed, equal to 177 megawatts of peak generating capacity. This level of capacity is up over 50% on the same month last year and was a 14% jump on October’s capacity, which was the prior all time record.
- The level of employment from November installations - at nearly 8,300 full time equivalents - is 80% up on the 2017 year average.
- The rooftop solar systems installed in November alone are estimated to generate power equal to the consumption of over 50,000 homes, and will save their owners over $300m on their power bills over the next ten years.