Renewable energy is taking over Australia. New figures reveal the sector generated enough electricity for 70 percent of Australian homes during the last financial year. But it gets better – once this year’s clean power projects are completed, renewable energy could power 90 percent of all homes in the nation.
Green Energy Markets just launched their first Australian Renewable Energy Index this week, and the findings were thrilling for the renewable energy industry. Between July 2016 and June 2017, the country generated enough clean power for 7.1 million homes.
At the end of 2016-2017, Green Energy Markets found 46 large-scale clean energy projects were under construction. They estimated these projects would employ 8,868 people full-time for a year. They also found nearly 150,000 rooftop solar systems had been installed, and could provide enough energy for more than 226,000 houses. From design to sales to installation, these rooftop systems supported 3,769 full-time jobs. They’ll provide about $1.6 billion in power bill savings during the next 10 years.
Hydro-electricity offered the largest source of renewable energy at 40 percent; wind provided 31 percent while rooftop solar generated 18 percent.
Renewable sources comprised 17.2 percent of all the electricity generated in the country, helping Australia avoid the same amount of carbon pollution as if 8.1 million cars, over half the cars in the country, were taken off roads.
Tristan Edis, analyst at Green Energy Markets, said renewables have launched a “construction jobs and investment boom.” Advocacy group GetUp provided funding for the report, and the groups plan to publish a new Australian Renewable Energy Index each month.
GetUp energy campaigns director Miriam Lyons said, “everyday Australians are voting with their rooftops” in a move heralding “the end of the era of big polluting energy companies dominating the market and manipulating prices to fill their own pockets.”