Solar powers on while utility-scale renewables drop away

The latest data from Green Energy Markets shows solar PV installations powering on at 75MW for November but with QLD in decline. Meanwhile large scale renewable generation market share has been steadily declining thanks to seasonal factors and little new capacity due to RET uncertainty.

Energy and environmental certificate market analysts Green Energy Markets have released their latest snapshots of the markets for large scale and small-scale renewable energy.

Utility-scale renewables

Consistent with seasonal trends driven by winter peaks in hydro and wind generation, renewable energy's share of National Electricity Market generation continues to decline, hitting 11.4% this month. This was down 15.9% the previous November. This is a likely product of hydro generators running down their storages during the prior financial year to maximise the price benefit from the carbon price before it was abolished this financial year.  

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