Year on year, the percentage of renewable energy entering the Australian electricity market is growing, and these figures are only set to increase as states and territories embrace increasingly optimistic net-zero goals. With these enhanced net zero goals will come a flurry of project activity to deliver on targets, and it is increasingly important that developers work with partners equipped to deal with the challenge of rapid renewable energy project deployment.
In the Australian Energy Market Operator’s (AEMO) most recent Quarterly Energy Dynamics report, it advised that coal-fired generation decreased by an average 117MW (12 per cent) compared to Q2 2021; and gas, solar and wind generation increased at all times of day, with distributed PV continuing to grow, increasing by 46MW (28 per cent) on average compared to Q2 2021.
By 2050, it is estimated renewable energy will supply the majority of the National Energy Market’s (NEM) electricity needs, with significant reductions continuing for coal and fossil fuel plants. Several coal plants are planned to shut down early, including the recently announced Loy Yang A Power Station – with the new closure date almost ten years earlier than previously announced.
The Federal Government’s Australian Energy Statistics (AES) report into 2020-2021 energy generation and use showed that in 2021, renewables represented a record high of 29 per cent of the total energy generation in the country, while fossil fuel generation continued to decline.
Diversifying energy streams creates a more interconnected grid, which means the grid needs to flex with the changing contributions of different energy sources – as well as the changing demands of Australian consumers. The Australian Clean Energy Regulator (CER) also knows the importance of getting more renewable energy into the grid.
“As the rapid pace of renewable investment continues, planning for the integration of a much higher penetration of renewables into the national electricity grid is the next key phase in Australia’s transition to a clean energy future,” the CER said.
It’s important then, with multiple new renewable energy projects underway and being connected to the National Electricity Market, that developers look to trusted experience and stability in their renewable partners, to ensure that projects are constructed with the best equipment on the market.
Since 1916, MM Electrical Merchandising has been supporting the energy industry as Australia’s largest distributor of electrical, communications, solar and electrical component products. Greentech sits within the MM Electrical Merchandising Group and is Australia’s largest wholesaler network of solar and renewable energy specialists.
Since its inception, Greentech has been focused on supporting the stabilisation of the energy transition in Australia, and with over 3,000 staff across Australia, Greentech has the maturity and experience to support their customers as they begin or expand their transition to renewables.
Greentech supplies the world’s leading brands across products including photovoltaic panels, mounting systems, inverters, batteries and electric vehicle chargers. With national coverage, credit facilities, and the best brands, Greentech offers a complete solution. Greentech has the necessary equipment and instalment options, with a huge Australian inventory across its warehouses to support the growing renewable demand.
Adaptive, and understanding of the changing needs of the energy industry, Greentech haven’t lost their personal touch, and are proud to bring the same traditional service values they began the company with. Greentech’s experience has consistently supported Australia’s businesses and contractors in the renewable energy sector.
A leading supplier, Greentech’s online system allows for 24/7 web access and click and collect, so you can shop the needs of your business, in your preferred way. We know Australia’s renewable energy future is here. Greentech is ready. Are you?
This sponsored editorial was brought to you by Greentech. For more information on the products and services Greentech can provide for your business, head to https://greentech.mmem.com.au