Australia has met its 2020 target for generating electricity from large-scale re...
MELBOURNE - Australia has met its 2020 target for generating electricity from large-scale renewable energy a year ahead of plan, the country’s clean energy regulator said on Wednesday, even as wind and solar investment has slowed.
The target, launched in 2001 by a conservative government and reduced in 2015 with rare bipartisan support, was for Australia to generate 33,000 gigawatt hours of power from large-scale renewable energy by 2020. Australia’s total power generation is currently around 260,000 GWh. “While future investment faces a number of constraints, this is by no means the end of renewable energy investment in Australia, with markets continuing to innovate and adapt to opportunities and challenges,” Clean Energy Regulator Chairman David Parker said in a statement.
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