Aaron Brooks’ Post

The Australian Energy Market Operator (AEMO) released its Draft Integrated System Plan (ISP) for 2024 this morning. Published every two years, the ISP outlines the lowest-cost pathway for Australia to achieve its net-zero emissions targets using energy generation, storage and transmission infrastructure.    There are some material changes in this year’s document, particularly related to rooftop solar, coal retirement and gas generation capacity. However, the overall trend towards massive variable renewable energy growth remains the same. The accelerated retirement schedule for coal highlights the criticality of removing all barriers to new renewable investment, with AEMO identifying we need to connect 6 GW of new renewable generation every year. Particular changes worth drawing out include:    Consumer energy resources are forecasted to be taken up even faster than before, with 3 GW more rooftop solar by 2050 under Step Change compared to the 2022 ISP.     The entire coal fleet in the National Electricity Market is retired by 2038 in the Step Change scenario in this Draft 2024 ISP, five years earlier than in the 2022 ISP.       Earlier need for renewable energy, with a need for 6 GW of new renewable energy per year under the Step Change scenario in the coming decade, compared to 4 GW in the 2022 ISP – and a current rate of almost 4 GW.       An increase in gas power generation and a shift towards consumer-owned storage. The Draft 2024 ISP increases gas-powered generation (GPG) capacity to 16 GW by 2050, up from 10 GW in the 2022 ISP. However, AEMO notes the many issues surrounding gas powered generation, including availability of production and pipeline infrastructure.    Our full submission to the Draft ISP will be prepared in the coming weeks and months and will be published 16 February 2024, and we look forward to working with our members and other stakeholders on putting it together. If you are interested in joining us to discuss the ISP and everything else related to accelerating Australia’s clean energy transition, click below to join us:  https://lnkd.in/gz2mjGSX #cleanenergy

Last week we delved into the significant achievements of the solar and broader renewable energy sector. This week we turn our attention to the advancements occurring in the states where ACLE is actively engaged – NSW, VIC, QLD, and SA.   NSW • The NSW Government has an ambitious target to halve emissions by 2030 and achieve net zero by 2050. • The state has approximately 13,500 megawatts (MW) of renewable energy generation capacity, which is around 53% of the total generation capacity in our state. • The Government has recently released its 2023-24 Budget, investing over $3.9 billion into clean and affordable energy for the state’s future.   VIC • Victoria has set a renewable energy target of 95% by 2035 and aims for 50% of the state’s power supply to be sourced from clean energy by 2030. Additionally, the state has set a long-term Emissions Reduction Target of net zero emissions by 2045. • The Government has set a target to reach 6.3 GW of energy storage by 2035 to support emissions reduction.   QLD • The Queensland Renewable Energy Target (QRET) requires that 50% of Queensland's electricity consumption to be sourced from renewables by 2030, 70% by 2032 and 80% by 2035. • The Government expects 22GW of new wind and solar, and another 12GW of batteries and pumped hydro, will be built by 2035, creating 100,000 jobs along the way.   SA • With a target of 100% net renewable energy generation by 2030, the state is well on track to achieving this, having gone from 1% renewable energy generation in 2007 to 68% in just over 15 years. • At the end of last and earlier this year, South Australia had a record-breaking run which saw wind and solar contributing just over 85% of the state’s electricity demand.   These are exciting times for the renewable energy sector, and ACLE is looking forward to continuing to roll out projects that contribute to these state-led targets.   #ClimateAction #CleanEnergyLeadership #Australia Victorian Government NSW Government Queensland Government SA Government

Check out ACLE Services Pty Ltd’s latest which reviews the states that are spearheading Australia’s renewable energy revolution and the targets that are taking us one step closer to the nation’s net zero emissions reductions.

The Government of #Gujarat has notified the Renewable Energy Policy-2023 for further encouraging setting up of renewable generation projects based on wind, solar and wind-solar hybrid technologies. The policy will come into effect from the date of notification and shall remain in operation up to June 2028 or till notification of the new policy, whichever is earlier. #solarpower #solarenergy #windenergy #windpower

🌿 Renewable Energy Sector Update 🌿 The first half of this fiscal year brought both excitement and challenges for the renewable energy sector. While there's a noticeable increase in auctioned capacity, we're still striving to meet ambitious targets. Let's break it down: 🔌 H1 Capacity Addition:  During H1 FY24, the renewable sector added 6.6 GW of new capacity. Solar power contributed 5 GW, and wind power added 1.55 GW. It's worth noting that this is lower than the previous year's H1 addition of 8.2 GW, which marked the highest H1 capacity to date. 📈 Yearly Targets: The Union Ministry of New and Renewable Energy has set an ambitious goal of achieving a total new capacity of about 25 GW in FY24. However, the actual capacity addition in recent years has been 7.4 GW in FY21, 15.5 GW in FY22, and 15.3 GW in FY23. 🔄 Winds of Change: There's hope on the horizon with the recent announcement of a national bidding trajectory of 50 GW of renewable energy (RE) capacity annually for five years, starting in March 2023. This significant step has already led to the auction of 13.1 GW of RE capacity during the first half of FY24, surpassing the entire FY23 total of 9.9 GW. 🚀 The Road Ahead: While progress is evident, it's essential to stay focused on the target of achieving 500 GW of non-fossil energy by 2030. We're making strides, and with sustained efforts and innovative solutions, we can achieve a greener and more sustainable future. Let's continue to work together and harness the power of renewables to create a cleaner and more resilient energy landscape. 💚🌞 #RenewableEnergy #Sustainability #CleanEnergyFuture

Queensland is coming to the REZ party with 12 zones having been just announced by Queensland Government and minister Mick de Brenni. The REZ roadmap lays out a framework to strategically connect about 22 GW of renewable energy to the grid in 12 coordinated zones across the state’s southern, central, and northern regions. https://lnkd.in/gqiKVGAU #renewableenergy #renewables #renewablepower #renewablenergy #greenenergy #windenergy #windpower #windfarms #windindustry #onshorewind #solarenergy #solar #solarpower #solarindustry #solarprojects #bess #batterystorage #bigbattery #energystorage #pumpedstorage #pumpedhydro #hydropower #greenenergy #greenhydrogen #hydrogeneconomy #ammonia #energygrid #transmission #energytransmission #rez