Renewable energy in Australia - statistics & facts

The renewable energy industry has seen a surge in activity across the globe. From solar panels converting energy from the sun into electricity to onshore and offshore wind farms generating clean power, there has been a worldwide trend of increasing green infrastructure that can produce energy, while minimizing environmental impacts and pollution production. The Paris Agreement, which aims to strengthen the global response to the threat of climate change, as well as advancements in technology have led to a forecasted increase in size of the renewable market, estimated to be valued at over one trillion U.S. dollars by 2027.

What is fueling growth in Australia’s renewable technologies?

In Australia, the renewable energy market has been booming; with investments, loans, and government policy all driving growth in this industry. Investments in clean energy technology looks set to increase in Australia and the nation was one of the leading investment markets in this sector. In terms of government policy, the Large-scale Renewable Energy Target and the Small-scale Renewable Energy Scheme have both contributed to the influx of green power capacity. The former encourages investment in renewable power stations to achieve 33 thousand gigawatt-hours of additional renewable electricity generation by 2020, while the latter financially incentivizes individuals and small businesses to install small-scale renewable energy systems.

What are Australia’s green energy resources?

Hydropower, wind power, and solar photovoltaic (PV) energy led the renewables segment of the energy generation market in Australia. The country's diverse regional landscapes and climates contribute to the varying mix of energy sources dominating each region. Victoria and South Australia are suited to wind power generation, while solar is predominant in the eastern states, with the highest capacities of solar installed in Queensland and New South Wales respectively.

Australia’s bright renewables future

If the country were to transition to 100 percent renewable energy by 2050, solar PV plants and onshore wind farms would account for the majority of energy generated. Both of these forms of renewable energy have benefited from advancements in energy storage, as the amount of energy generated can fluctuate depending on weather patterns. While cost, intermittent supply, and geography are all barriers to a fully renewable energy future, continued innovations in technology and government policy change will hopefully secure Australia's renewable energy supply.

Interesting statistics

In the following 7 chapters, you will quickly find the 39 most important statistics relating to "Renewable energy in Australia".

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Vianny Gutierrez-Cruz
Vianny Gutierrez-Cruz
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Associate Director - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)