AGL kicks off the age of large solar

Wind has been expected to do almost all the heavy lifting in meeting our renewables target of at least 20% but new forecasts suggest solar PV – like that to be employed at Australia's largest solar project – will play a much bigger role.

In 2020, the last year of Australia’s Renewable Energy Target, more large-scale solar capacity will be brought online than wind capacity, according to the latest forecasts from analysts Bloomberg New Energy Finance. The news, which comes as Australia’s largest solar project gets the go-ahead, shakes up the thinking that wind will be the only utility-scale renewables focus through to the end of the decade.

The forecast alteration was discussed by Bloomberg New Energy Finance’s Kobad Bhavnagri at the recent Clean Energy Week conference, with a solar surge in the back half of this decade now expected thanks to the swift reduction in costs.

Graph for AGL kicks off the age of large solar

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