Despite Federal Policy inertia when it comes to wind and other renewables, the Australian wind energy industry is moving ahead in leaps and bounds. Here, we take a look at how the industry has performed in recent years, and how it may fare in the years ahead.
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| Wind energy is set to slash electricity prices. |
In 2013, Victoria’s Macarthur Wind Farm became the largest wind farm in the Southern Hemisphere. Next year that honour will pass to the newly commissioned 453 megawatt (MW) Coopers Gap wind farm in Queensland.
The differences between the two projects tell an uplifting story of how quickly Australia’s wind sector is developing. Coopers Gap will cost 20 per cent less to build than Macarthur and yet will deliver 50 per cent more electricity – enough to power 264,000 homes1.
Wind’s dramatic performance improvements have helped fuel a construction boom that saw wind generation reach 4020 gigawatt hours (GWh) in the second quarter of 20192, an annual growth rate of 28 per cent. As this trend continues, we can expect a windfall of tumbling electricity prices in the coming years.
Indeed, the good times for wind are just getting started.
Read the story from the Australian Wind Alliance by Andrew Bray - “Soaring wind industry set to slash electricity prices."
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