Energy Insiders - a RenewEconomy Podcast Are renewables back on track?
8 snips
Feb 14, 2025 Kane Thornton, the Chief Executive of the Clean Energy Council, shares valuable insights on the positive shifts in Australia's renewable energy sector. He discusses how investments in wind, solar, and storage are aligning with ambitious 2030 targets. The conversation delves into the challenges of market pressures and misinformation affecting the transition. Thornton also highlights AGL and Origin's substantial investments in battery technology and the competitive dynamics reshaping the energy landscape. It's an optimistic view on overcoming hurdles in the path to a cleaner future.
AI Snips
Chapters
Books
Transcript
Episode notes
Renewables Back on Track
- Renewable energy investment is increasing, reaching nearly 1.6 GW of new financial commitments in the last quarter of 2024.
- This positive trend suggests Australia might be on track to meet its 82% renewable energy target by 2030.
Drivers of Renewable Energy Investment
- Multiple factors drive the positive trend in renewable energy investments, including improved grid connections, increased access to capital, and growing policy certainty.
- The Capacity Investment Scheme is starting to show positive effects, with projects receiving contracts quickly reaching financial close.
Energy Market Redesign
- The redesign of energy markets is crucial for the future of renewable energy in Australia.
- Various stakeholders, including thermal generators, renewable generators, battery companies, communities, and utilities, have differing interests in the market redesign.
