The Clean Energy Regulator has released August 2017 Large-Scale Renewable Energy Target data.
August 2017 was a big month for power station accreditation with 114 megawatts accredited, with 112 megawatts coming from the accreditation of Hornsdale Wind Farm Stage 3. The South Australian-based power station is the second largest accreditation so far this year and is capable of powering an impressive 56 600 homes.
Plenty of progress was seen in the investment pipeline as well, with the 453 megawatt Coopers Gap Wind Farm reaching financial close in August. The wind farm is capable of producing 1 510 000 megawatt hours of renewable energy annually, which would reduce CO2 emissions by approximately 1 180 000 tonnes annually. That’s the equivalent of taking over 340 000 cars off the road.
More than 70 per cent of the estimated capacity required to reach the target is now accredited. With the increased momentum in project announcements over the past year, the 2020 Renewable Energy Target remains on track.
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