Australia to achieve 50% renewables by 2030 without government intervention
RepuTex modelling suggests surge in state schemes and rooftop solar will reduce wholesale prices, making gas- and coal-fired power less competitive
According to modelling by the energy analysts RepuTex, a rise in rooftop solar installations will help reduce wholesale power prices from $85 per MWh to $70 over the next three years. Photograph: Glenn Hunt/AAP
Australia is on track to achieve 50% renewable electricity by 2030 even without new federal energy policies, according to modelling by the energy analysts RepuTex.
The analysis, to be released on Wednesday, suggests that a surge in renewable energy driven by state schemes and rooftop solar installations will reduce wholesale prices from $85 per MWh to $70 over the next three years.
