Renewable Milestone in 2022
Australia marked a significant achievement in 2022, as renewables surged to contribute 36% to the nation’s total electricity production, doubling the figure from 2017. However, meeting the ambitious 82% renewable energy target by 2030 demands an expedited construction pace for numerous solar and wind projects.
Unveiling Project Completion Times
In a comprehensive study of 170 onshore wind and solar projects completed in Australia between 2000 and 2023, a notable decrease in completion times was revealed. The analysis, focusing on three distinct stages of project lead times, provides insights into the evolving landscape of renewable energy development.
State-Level Disparities
While improvements are evident, state-level disparities persist, with South Australia showcasing notably lower pre-construction lead times, possibly due to streamlined approvals. The study emphasizes the imperative of further acceleration to meet the 2030 renewable energy targets.
Overcoming Challenges for Swift Development
Challenges such as multi-authority approvals and grid connection difficulties can impede projects. The study suggests streamlining approval processes, providing public access to a renewable energy pipeline database, and assessing suitable projects as expansions to expedite development.
Source：miragenews.com
