Renewable Surge Boosts Grid Cleanliness, Reliability
A RENEWABLES investment boom has improved Australia’s energy outlook, according to the latest analysis from the Australian Energy Market Operator (AEMO).
AEMO’s annual ten-year outlook – the Electricity Statement of Opportunities – predicts that growing solar, wind and battery power will improve reliability in our main electricity grid (the National Electricity Market or NEM) and cover the retirement of ageing coal-power stations over the next decade.
The AEMO statement outlines how an increase in Australian household solar and batteries alongside investment in larger renewables, battery and transmission projects, is expected to provide a reliable electricity supply, despite consumption surging with increasing electrification and the rapid expansion of data centres.
Climate Councillor and energy expert, Joel Gilmore, said: “AEMO’s latest report comes as the Federal Government is poised to decide its national climate target for 2035. AEMO is very clear that Australia needs to keep this clean energy investment moving. A strong 2035 target will give business and industry a clear policy signal, driving further investment and building an even more reliable, clean energy grid.
“This report spells out that there is a strong stream of new investments in renewable energy in Australia. Committed projects alone ensure we will have a very reliable electricity grid until after 2030, and there is a huge pipeline of potential projects that set us up well for rapid cuts in climate pollution.
“AEMO expects Australian homes and businesses will continue installing rooftop solar and batteries under the government’s home battery scheme. This is a win-win for Australians’ back pockets and the grid: cutting climate pollution and power bills while contributing to system reliability and resilience.
“At the same time the report shows there is no reason for governments to extend the life of coal power stations that are planned to close in the next few years. With a growing pipeline of wind, solar and storage projects, we can reliably power our homes and businesses without polluting coal.”
Climate Councillor and energy expert, Greg Bourne, said: “The shift to clean, reliable energy is the big first step in slashing climate pollution to ensure a safer future for our kids and grandkids, and it’s heartening to see this report confirm that it’s well underway.
“We need to maintain this momentum in our electricity grid to ensure ongoing reliability as we electrify transport and industrial processes, and bring on new large energy users including data centres. Coordinating rooftop solar, home batteries, and even the batteries in our electric cars is an important opportunity to both improve the reliability of our grid and ensure Australian households benefit directly from the shift.
“Cutting back on coal is clearly doable and the faster we shift to clean energy the more benefits flow to businesses and communities. Governments at all levels must continue to stimulate the investment required to fast-track the renewables rollout – including providing certainty by setting a strong 2035 climate target.”
Other key points in the AEMO report: