The Australian government’s Clean Energy Regulator (CER) has released the November 2024 large-scale renewable energy target (LRET) market data, showing that capacity approved in November of 510 MW raises the total from 506 power stations in 2024 to 4,156, an increase of 1,950 MW or a total of 2,206 MW CER-approved in 2023.
Sixty new power stations were approved in November, including the 353 MW Walla Walla solar farm 1 and 2 in New South Wales (NSW), the Girgarre solar farm in Victoria with a capacity of 93 MW, and the 26 MW Bellevue Gold Solar in Western Australia.
Image: CER
The renewable energy target (RET) is an Australian government scheme that aims to reduce greenhouse gas (GHG) emissions in the electricity sector and increase renewable electricity generation. The RET sets a target to deliver an extra 33,000 GWh of electricity from renewable sources every year from 2020 to 2030.
The RET creates a market to incentivise the generation and use of renewable energy, which supports the transition towards a more sustainable and less carbon-intensive energy system through the large-scale renewable energy target and small-scale renewable energy scheme.
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