Clean Energy Council
By any measure, 2018 was a remarkable year for the Australian clean energy industry.
Investment in large-scale renewable energy projects was double that of the record-breaking 2017.
New large-scale wind and solar projects are being built more efficiently than ever before. Clean energy now powers the equivalent of more than 10 million Australian homes, which is more than all the households currently in Australia. So while electricity prices remained stubbornly high in 2018, relief is in sight – the considerable amount of new wind and solar capacity that has entered the market in recent years has already begun to reduce wholesale prices.
Unfortunately, the politics around energy reached another new low in 2018, with the Federal Government opting to tear itself apart rather than implement its own National Energy
Guarantee. But while the 2019 Federal Election will create another pivotal year for clean energy in Australia, we have thankfully reached a point where politics isn’t as existential to the industry as it once was.
While there is still much to be done, particularly in relation to improving the grid and energy market and how it integrates renewable energy and energy storage, 2018 was a phenomenal year.
The vision of an Australia powered by clean energy is now well and truly in sight.
The report covers the latest key figures and statistics on the national energy market. It is the only analysis that includes the National Electricity Market, the Western Australian electricity grid and other major regional grids across the country in areas such as the Northern Territory.