Ajust your expectations
It can be hard to find a solution when you have an issue or complaint with your retailer. Bill Hero has partnered with Ajust to help streamline the process
Energy Industry
Renewables target is on track with 1,589 MW of new renewable generation reaching financial close last quarter
1 min read
Surge in solar, wind and battery investment sets pace for 82 pct target. Can Australia keep it up?
The politics remains shaky, but strong investment in solar, wind and energy storage in the final quarter of 2024 has put Australia back on track for renewables target.
Sophie Vorrath
The Clean Energy Council’s quarterly investment report shows that a total of seven renewable energy generation projects totalling 1,589 megawatts (MW) have reached financial close – a crucial indicator that projects are likely to proceed, having also ticked all the necessary approvals boxes and signed up contractors. The result marks the second quarter in a row where financially committed new generation projects surpassed 1 gigawatt (GW) and the first time this has happened in consecutive quarters since 2021. All of these new megawatts, megawatt-hours, gigawatts and billions of dollars bode well for the renewable energy industry and for Australia’s journey to 82 per cent renewables by 2030 – and net zero by 2050.
Read next
Ajust your expectations
It can be hard to find a solution when you have an issue or complaint with your retailer. Bill Hero has partnered with Ajust to help streamline the process
The Solar Duck Curve
Duck curve is the term for reduced daytime network demand due to the growth in rooftop solar. The duck curve brings new challenges and opportunities for the energy industry.
NSW Seniors rebate
The Seniors Energy Rebate is available to help cover the cost of electricity for eligible independent retirees who hold a
Insights from the ACCC's December 2023 Inquiry into the National Electricity Market
The ACCC has been running its Retail Energy Inquiry since 2018, but has only just discovered what Bill Hero has always known — energy retailers routinely charge their existing customers more than what they offer for new customers. You need to keep switching to stay on the best rates.