IEEFA

The growth potential of wind farms at sea could expand fourfold by 2030.

The rising demand and import dependency drive the need for secure mineral supply.

The US was the country’s major market.

Diverting capital to clean energy will bridge the $400b investment gap from 2024 to 2030.

Some steps they could take are implementing green tariffs and setting infrastructure funds.

Demand for such is expected to more than double by 2030.

This is equivalent to about 1.8 gigawatts (GW) of new capacity. 

An expert warned about significant hurdles that the project may face.

The International Energy Agency (IEA) has predicted that Artificial Intelligence (AI) and data centers will sharply increase the demand for renewable power. The net increment of renewable power generation for AI will likely triple to 262 terawatt-hours (TWh) by 2026 compared to 2023, and the share of AI demand in renewable power generation is expected to double to 17.9%.

It is predicted to diminish in the coming years.

Gas power in Australia is decreasing.

Its poor energy infrastructure impedes the integration of new capacity from RE projects. 

Experts said adding nuclear energy in the energy mix is a big risk.

Countries must attract investments to advance their clean energy goals.

Their gas consumption surged by 136% in fiscal year 2023-2024.

Debates over existing policies are ongoing amidst the rise in rooftop solarisation.