Record-high renewables growth is transforming Australia’s electricity landscape, pushing out coal plants and lowering prices and emissions.
Solar and wind output during the fourth quarter within the five jurisdictions that make up the National Electricity Market increased 39% from a year earlier, the Australian Energy Market Operator (AEMO) said Monday in its quarterly report. That helped cut power-generation emissions 5% to the lowest in data going back to 2001 and slashed wholesale prices by almost a fifth.