Australia’s renewable energy sector produced enough electricity to run 70% of the country’s homes last financial year.
That’s according to new data from Green Energy Markets, which suggests the sector will generate enough power to run 90% of domestic properties once wind and solar projects under construction this year are completed.
Although Australia’s electricity markets still rely heavily on carbon-intensive coal and gas generation, renewables, which made up just 7% of power output a decade ago, accounted for 17.2% last financial year, jumping to 18.8% last month.
The emissions reductions that resulted from this are equivalent to taking more than half of all cars in the entire country off the road.
The top renewable was hydro-electricity, responsible for 40% of clean generation, followed by wind at 31% and rooftop solar at 18%.
Green Energy Markets Analyst, Tristan Edis, said: “The renewable energy sector has staged a remarkable recovery, after investment completely dried-up under former prime minister Tony Abbott.”
He added the country was on track to meet its green target of producing 20% of power with renewables by 2020 by the end of 2018, more than a year early.