August 16 (Renewables Now) - Just 36 MW of power plants have secured accreditation under Australia’s Renewable Energy Target (RET) in the month of July, according to an update by the Clean Energy Regulator (CER).
The list includes 46 power generators, among which is the Beros Road Wind Farm in Western Australia.
A solar project in New South Wales, the 68-MW Goonumbla park, reached financial close in the month, and CER calculates that the total capacity of committed projects now stands at 5,358 MW. There are also 1,263 MW of probable projects, such as the 200-MW Solar River photovoltaic (PV) project in South Australia that signed a power purchase agreement (PPA) in July with Alinta Energy.
Under the RET mechanism renewable power generators receive tradeable large-scale generation certificates (LGCs) for their electricity. CER in 2016 estimated that reaching Australia’s 2020 RET of 33,000 GWh renewable power generation would require 6,000 MW of green power capacity. Due to a higher proportion of solar projects in the pipeline, the estimates were later updated to 6,400 MW. The country has already reached 6,200 MW.