Powering the next decade of energy generation in Australia.
The National Electricity Market (NEM) broke through the 50 per cent benchmark for renewable energy in one trading period on Wednesday 6 November 2019. For the very first time, the combined output of rooftop solar, large-scale wind, and large-scale solar reached 50.2 per cent of the almost 25 GW being produced on the main grid for Queensland, NSW, Victoria, Tasmania and South Australia.1 Yet, the average quarterly investment in new clean energy generation fell 60 per cent in 2019, from more than 1,600 MW of generation capacity to about 500 MW.2