Renewable Energy in Australia: Apple Thinks Big

Renewable Energy in Australia: Apple Thinks Big

Australia is looking to hydro

Renewable energy consumption in Australia has been on the rise since the beginning of 21st century.

The country is receiving a major part of its power from its set wind, hydro, and solar plants.

At 63.4%, the hydro plants are the biggest contributors in field of renewable energy with wind energy coming second at 22.9%.

The rest of the energy is produced by bio (11.5%) and solar (2.1%).

Over the years, setting up clean sources has become cheaper for the government and thus, is becoming a major point of investment.

Given the growth of the production over the years, the Australian government invested about $7.5 billion over the past year in large-scale wind and solar projects all over the country.

The projects have been severely encouraged by the government’s energy policy launched against the climate change concern.

The step has made Australia one of the best countries for clean energy investment and puts Australia in a place of becoming a renewable energy superpower.

However, it still needs to do more.

Apple’s Entry into the Australian Renewable Energy Market

All that has made Apple look seriously at investing in renewable energy in the country.

Apple’s Environmental boss Lisa Jackson has unveiled plans about Apple’s decision to buy stake in the country’s solar and wind projects.

Apple already works on 100% renewable energy in Australia, but has to purchase the power from different providers. Now, it wants to do away with that.

The company is looking to move closer to the “supply of electricity” as a result, and are looking for new opportunities.

In the United States, for instance, Apple had to create a new company called Apple Energy to be able to work out a power sharing arrangement with California Flats Solar farm.

That’s not all – Apple is also asking its supply manufacturers, including those from China, to become 100% renewable to be able to keep their business.

With the good prospects of renewable energy in Australia, the move does make sense.

Australia’s renewable energy statistics from the year 2016

The electricity produced from the renewable energy sources was at a record 17.3 percent in the year of 2016. A significant jump from the 14.6 percent in 2015.

Australia witnessed one of its best rainfall in its key hydro catchments in 2016 thus, allowing hydro plants to produce more energy.

Hydro plants contributed about 42.3 percent of the total renewable energy in this year.

Renewable energy costs have gone down significantly, with solar being at almost half at what it was a few years ago.

This has also played a major role in the rise of renewable energy investment in the country.

The year of 2016 generated about 17500 GWh worth of energy, which is more than halfway through for the large-scale energy target set for 2020, of 33000 GWh.

Australia’s plans for renewable energy in 2017

Australia ventured into launching many large scale renewable energy programs in 2016 with three wind farms and seven solar power plants.

The industry is headed for a further push in 2017 with more than 35 projects under construction and $5.2 billion worth of projects secured finance.

Rooftop systems are also getting a boost in 2017, where about 135,370 systems were installed in 2016.

The pace of the same will be accelerated in 2017 with the largest quarter for March and largest ever quarter since August 2012.

The renewable energy sources employed around 11,150 people in the year 2015-16. Since many large scale projects are underway in 2017, more jobs are expected to be created.

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