Australia announces plan to double installed renewable capacity by 2030

The country intends to take advantage of its vast solar and wind generation potential to achieve the goal
Australia announces plan to double installed renewable capacity by 2030
Australia has invested more than $37 billion in three years to accelerate its energy transition. Photo: Freepik

Australia has announced an ambitious plan to transform itself into a renewable energy superpower, setting a target of reaching 82% clean energy sources in its energy mix by 2030. 

This objective represents more than double the country's current installed capacity, which is around 40%. To achieve this goal, the Australian government intends to harness the country's vast solar and wind generation potential. 

Projects range from incentives for low-carbon energy to improvements in the energy efficiency of homes, as well as significant investments in research to develop new technologies.

Over the past three years, Australia has invested more than $37 billion (around R$225,5 billion) to accelerate its energy transformation. 

Of this amount, US$ 14,2 billion (R$ 104,1 billion) was directed to expand new industries, such as hydrogen from renewable sources, green metals and low-carbon liquid fuels. 

The initiative also aims to position Australia strategically to capture a good share of the resources earmarked for the energy transition in global markets, estimated at up to US$2 trillion by the IEA (International Energy Agency). 

Furthermore, the country plans to phase out coal-fired power plants by 2038, reinforcing its commitment to a sustainable future.

Solar Park with a capacity of 6 GW

In August last year, the Australian government approved the construction of a new solar power complex with batteries that could become the largest in the world, with the capacity to generate enough energy to power 3 million homes. 

The plant will have cwith a connecting cable to Singapore, allowing the sale of electricity to the city-state. The project, called Australia-Asia PowerLink, will receive an investment of US$23,5 billion (around R$131 billion).

With a capacity of 6 GW, the solar power plant will allocate 4 GW for Australian domestic use and 2 GW for commercialization in Singapore.

Australia will build the world's largest solar energy park

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Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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