September 3, 2020 Read More →

Australia on track to install 6.3GW of new renewable energy capacity in 2020

Renew Economy:

Australia is on track to add a stunning 6.3GW of new renewable energy capacity in 2020, thanks largely to a rooftop solar market that has defied the odds of the Covid-19 pandemic and is headed to a record total of just under 3GW for the year.

According to the June 2020 Quarterly Carbon Market Report published by the Clean Energy Regulator on Thursday, renewable investment in both small and large scale renewables has exceeded expectations and punched above its weight for the Australian economy.

Clean Energy Regulator chair David Parker said that large-scale renewables were on track to deliver around 3.4 GW in new generation capacity for the year, while rooftop solar was likely to exceed the CER’s previous estimate of 2.7GW in 2020 and hit a total of 2.9GW.

An estimated 677MW of rooftop PV was installed in Quarter 2 2020, an 11 per cent increase on Quarter 1 2020 and 41 per cent higher than Quarter 2 2019, with the average system size rising to 8.2kW, up from 7.6kW in Quarter 1 2020.

“Strong growth in installations in the first half of 2020, coupled with a step change in system sizes and negligible Covid-19 impact means that the outlook for [small-scale technology certificate (STC)] supply remains strong and the STC clearing house will stay in surplus for the remainder of 2020,” the report says.

[Sophie Vorrath]

More: Renewables through the roof, as small-scale solar heads to stunning new highs

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