July 18 (Renewables Now) - Accreditations under Australia’s Renewable Energy Target (RET) in the first half of 2019 reached 1,605 MW, which represents an increase of 32% from the same period of 2018.
In June alone, 23 power plants, or 104 MW of capacity, joined the RET mechanism, under which renewable power generators receive tradeable large-scale generation certificates (LGCs) for their electricity. One of the big power plants on the June list is the Clermont Solar Farm in Queensland with 89 MW of accredited capacity, shows the latest update by the Clean Energy Regulator (CER).
The total capacity of committed projects arrived at 5,300 MW in June, while the cumulative capacity of assets with REC accreditation hit 6,159 MW.
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 is already very close to that number.