September 18 (Renewables Now) - Solar power plants with a combined capacity of 220 MW have been accredited under Australia’s Renewable Energy Target (RET) in August, which is down from a record 514 MW of RET-accredited renewables in July.
The Clean Energy Regulator said in an update on Tuesday that the list for August includes four megawatt-scale photovoltaic (PV) parks, the biggest of which is the 148-MW Ross River solar project in Queensland now fully owned by Australia's Palisade Investment Partners.
Ross River is currently the second largest solar farm ever accredited by the regulator.
By the end of August, the combined capacity of commercial and industrial (C&I) projects accredited for 2018 reached 52 MW, almost doubling the full-year capacity accredited in the segment in 2017. Already by the middle of 2018, the new renewables capacity accredited under the RET had topped 2017’s record of 1.09 GW.
Australia now has 3,024 MW of RET-accredited power plants, 4,960 MW of committed capacity and 849 MW of probable capacity. Thus, it is expected to significantly surpass the 6,400 MW of renewables that the Clean Energy Regulator estimated are needed to reach the country’s 2020 RET of 33,000 GWh renewable power.