The latest Clean Energy Council investment report shows the number of renewable projects slowed in 2022, but clean energy accounted for 35.9 per cent of Australia’s total energy generation in 2022.
continued last year, with solar PV systems now accounting for 25 per cent of renewable energy generation, according to the latest investment update from the Clean Energy Council.
Clean Energy Council chief executive Kane Thornton said despite an encouraging end to the year, Australia had to accelerate renewable project development to meet its international climate targets.“To reach the federal government’s renewable energy generation target of 82 per cent by 2030, the pace of deployment for new large-scale projects needs to at least double,” Mr Thornton said.
Australia has more than doubled the amount of renewable energy since 2017, when it accounted for 16.9 per cent of generation. Federal Energy Minister Chris Bowen said all options, including carbon capture and storage, were needed to reduce emissions.Wind accounted for 35.6 per cent of total renewable generation last year, followed by small-scale solar , hydro , medium and large-scale solar PV and bioenergy .
“We need to use all the tools in the toolkit. That includes developing a carefully designed portfolio of approaches, as no single technology can achieve the levels of sequestration likely to be needed.”
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