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Australia adds record 667 MW of renewables under RET in Sep

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Australia adds record 667 MW of renewables under RET in Sep


October 18 (Solar) – Large-scale renewable power plants with a combined capacity of 667 MW have been accredited under Australia’s Renewable Energy Target (RET) in September, the Clean Energy Regulator (CER) said Friday.

This was the best month for wind and solar capacity additions under the RET since April 2001, the government agency said. Four big solar parks in the state of Queensland are on this list and also one in New South Wales. Together they accounted for 658 MW of the new capacity. Details on these five plants are available in the table.

Name Capacity (in MW) State
Coleambally Solar Farm 189 NSW
Daydream Solar Farm 181 QLD
Bungala Two Solar Farm 138 QLD
Emerald Solar Park 90 QLD
Hayman Solar Farm 60 QLD

CER nored that the Limondale Sun Farm in New South Wales has now reached financial close and that once built and accredited, with its 300 MW of capacity, it will be the largest in Australia.

The first nine months of 2018 have seen large-scale capacity accreditations under the RET reach 2.8 GW, which is significantly above the up-the-then record result of 1.09 GW for the whole of 2017. Early in October the regulator said it expects more than 3.4 GW of large-scale renewables to get accredited this year, and then up to 4.3 GW in 2019.

When a power plant gets accreditation under Australia's RET, it starts receiving large-scale generation certificates (LGCs) for the electricity it produces. "Liable entities" have to buy these certificates. LGC spot prices ranged between AUD 76 (USD 54/EUR 47) and AUD 89 apiece in 2017, but they have now fallen to their lowest price levels since October 2015. On September 27, 2018, spot LGCs closed at AUD 71.9.


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