RET accreditations in Australia near 3.4 GW in 2018, up 210% y/y

Progress towards RET (www.cleanenergyregulator.gov.au).

January 17 (Renewables Now) - More than 360 power plants in Australia with a combined capacity of 3,376 MW have secured accreditation under the country’s Renewable Energy Target (RET) in 2018, a record year, the Clean Energy Regulator (CER) said today.

This compares to total accreditations of 1,088 MW in 2017.

The biggest power plant accredited last year was the 198.94-MW Silverton Wind Farm in New South Wales, and the second biggest was the 188.7-MW Coleambally Solar Farm in the same state.

The 2018 total includes 198 MW of capacity accredited in December across 35 power stations. In its update for the month, CER said that three utility-scale projects of 146 MW have reached financial close, while the 275-MW Darlington Point Solar Farm has secured a power purchase agreement (PPA).

When a power plant gets RET accreditation, it starts receiving large-scale generation certificates (LGCs) for the electricity it produces. "Liable entities" have to buy these certificates.

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