New research consolidates future of AUS renewable energy

A new independent analysis was released recently confirming the Australian Government’s renewable energy plan remains an effective approach for delivering cheaper and cleaner energy to Australian businesses and homes.

The 2024-25 GenCost report, prepared by CSIRO and the Australian Energy Market Operator, compares the costs of building and operating new coal, gas, solar, onshore wind, offshore wind, batteries and nuclear generators.

The report finds that renewable energy technologies, when accounting for the costs of firming and storage, continues to represent the lowest-cost new-build option. This further supports the reductions in battery costs.

Read more: https://www.manmonthly.com.au/new-research-consolidates-future-of-aus-renewable-energy/