As a developed and globally connected economy, Australia’s demand for reliable and cost-effective energy continues to increase.
Renewable energy from wind and solar generation has now become the cheapest source of energy, primarily because the fuel required for generation – wind and sunlight – is free.
Generation from fossil fuels – primarily coal – can no longer compete on price, and given the age of most of Australia’s large coal-fired power stations, reliability is also becoming an issue.
Recent estimates suggest that by 2030, some 6,000MW of coal generation capacity will have been scrapped. In order to replace this, some 15 – 20,000MW of wind and solar generation, along with battery and hydro storage facilities, will be needed.
RE Future plans to be at the forefront of this massive expansion by identifying and developing sites around Victoria with optimal wind conditions and access to useable grid capacity.
