Due to the Covid-19 outbreak and its impact, there is a fall in electricity demand in Australia like elsewhere that has provided an opportunity for the renewable sector to take centre stage in the continent, GlobalData said.
Australia, with changes to its regulations, possesses the technical capability to safely run its power grid with 75% of electricity from wind and solar by 2025.
The options of integrating more renewables into the power system while maintaining grid security are increasing but the implementation of such integration will be on hold until the current operating settings and market frameworks change, said the data and analytics company.
The overall share of renewable electricity in the National Electricity Market (NEM) reached 26% in the last one month.
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