Growth prospects continue to improve for Australia's renewable energy sector, though the market does face considerable competition from the established thermal power sector (coal and natural-gas fired). The project pipeline in the renewables sector is expanding with large-scale solar and wind power projects under development, as well as new developments in the biomass and waste generation sector. The market offers an increasingly wide range of opportunities for companies active in the renewables segment.
Latest Updates And Structural Trends
Rapidly rising electricity prices in Australia means operation of the power market has come under renewed government and public scrutiny, particularly in light of the recent announcement from the Australian Energy Market Operator (AEMO) that parts of the country would be facing blackouts. Wind and solar are being touted by some developers as the low-cost energy solution needed to plug the gap.