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‘Tsunami’ of renewables to sweep gas and coal out of market, and drive prices lower – RenewEconomy
‘Tsunami’ of new renewables to supply majority of electricity in Australia’s main grid by 2030, as market share of coal and gas collapses, Reputex predicts.
New analysis suggests that a flood of new wind and solar projects will drive electricity prices lower, and higher gas prices will mean the fossil fuel will play a minimal role in the future energy system.
A new analysis published by analyst firm Reputex on Monday estimates that around 7GW of new wind and solar projects will be commissioned in Australia’s main grid within the next two years, with a pipeline of more than 60GW of new projects out to 2040.
The majority of this new capacity will be focused…
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