
Energy Insiders - a RenewEconomy Podcast
Are renewables back on track?
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.
52:38
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Quick takeaways
- Recent increases in investment and project closures signal a positive shift towards achieving Australia's 82% renewable energy target by 2030.
- Ongoing challenges in planning processes and misinformation highlight the need for strategic reforms and effective communication in the renewable energy sector.
Deep dives
Positive Trends in Renewable Energy Investment
Recent data indicates a promising trend in the investment patterns for wind, solar, and storage, suggesting a potential path to achieving Australia's 82% renewable energy target. The Clean Energy Council noted a significant increase in financial commitments to large-scale renewables, with nearly 1.6 gigawatts of new projects finalized in just the last quarter of 2024. This uptick reflects strategic reductions in barriers such as grid connection challenges and access to capital, as ongoing collaborations between government and industry have fostered a more conducive investment environment. Although there are still uncertainties to navigate, the current momentum in renewable energy investment offers a reason for optimism moving forward.
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