Renewable energy booming but could soon turn to bust, analysts warn

Australia produced enough renewable energy to power 70 per cent of households last financial year, new data shows, but advocates warn the booming industry will flounder unless the Turnbull government commits to a clean energy target.

Sunverge chief executive Ken Munson said
Australia's high penetration of rooftop solar,
where one in five homes use power from
 the sun, put the country at the forefront of
 the transforming energy industry. 

The government is sharply divided over whether to adopt the target, the central recommendation of Chief Scientist Alan Finkel's review of the national electricity market.

New data to be released on Monday shows Australia produced enough renewable energy to power 7.1 million homes, or 70 per cent of households, in the year to June.

This avoided carbon pollution equal to removing 8.1 million cars from the road for a year – more than half the cars in Australia.

Read Nicole Hasham’s story in today’s Melbourne Age - “Renewable energy booming but could soon turn to bust, analysts warn.”