It’s Been a Big Week for Renewables in Australia
Now, whilst not all pledges directly impact homeowners, the billions of dollars of investment promised by these states’ governments is a massive step in the right direction.
Victoria’s Labour government is pledging to legislate what may be the biggest energy storage targets in Australia. They aim to create 2.6GW of renewable energy storage space by 2035, rising to 5.6GW by 2035.
To help them reach these targets, the Victorian government has promised to help immediately fund two new ‘big’ batteries and inverters, investing $119M on the project between Bendigo and Red Cliffs. These batteries will increase existing capacities by up to 300MW, which is a massive win for the state.
Victoria is no stranger to battery storage technology, investing heavily in renewables from early in the technology’s rollout. There are many other battery storage proposals in the works too for Victoria, which not only is helping to stabilize an aging network but is crucial in cutting emissions and the state’s reliance on the three remaining coal power stations.
Redback’s home state of Queensland saw its energy plan unveiled on Wednesday. Premier Annastacia Palaszczuk stated that “by 2035, we won’t need coal to power our homes” – a truly massive leap forward for renewables.
Under a 10-year, $62bn energy plan, Queensland is facing up to its “climate emergency” and set to end its reliance on fossil fuels with its plan to create a clean ‘super-grid’, encompassing solar, wind, and hydroelectric power.
Two major new targets were announced. By 2032, 70% of the state’s electricity will be powered by renewable methods, rising to 80% in 2035. Not only is this a win for our planet, but a win for the pockets of Queenslanders too, with projections showing this pledge to renewable energy will consequently lead to a $150 a year saving on household electricity bills.
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