Wind energy market continues to show promising growth in Australia

June 13, 2016 0 By Alicia Moore

Free shipping Electric Bicycle for Sale, Enjoy 30- Day Trial & 2- Year Warranty Order Now!

Wind power is making impressive progress in Australia

Wind energy has been making significant progress in Australia recently and the sector reached a major milestone in May of this year. Pitt & Sherry, an analysis firm, notes that four Australian states have reported record wind power production in May. South Australia, Victoria, New Wales, and Tasmania have all reached a new high in terms of wind production, highlighting the continued growth of the wind energy market in Australia.

3.9 GW of electrical power was produced by wind farms in May

In total, 3.9 gigawatts of wind production was reported in May, with wind farms operating at approximately 49% capacity. According to Pitt & Sherry, these wind farms produced 22% more electrical power than they had done in last year. South Australia is currently home to the majority of the country’s wind farms, having 1.5 gigawatts of wind capacity on record. Wind power accounted for 49% of the state’s electrical power in May, according to analysts from Pitt & Sherry.

---------------------------------------------------------------------

Clean Energy Quotes To Remember - “For example, a breakthrough in better batteries could supplant hydrogen. Better solar cells could replace or win out in this race to the fuel of the future. Those, I see, as the three big competitors: hydrogen, solar cells and then better batteries.”

- Bob Inglis, Politician

---------------------------------------------------------------------

Wind projects are gaining more support throughout Australia

Wind Energy Market - Wind FarmThe wind energy market has been growing aggressively in recent years thanks to government incentives and investments from various organizations. Australia has become one of the world’s leading wind markets due to its vast expanses of open land. The country also has access to the sea, where wind energy can be harvested with greater effectiveness. Offshore wind farms have the potential to produce more electrical power than their onshore counterparts, but they are more expensive to produce and present certain logistical challenges that can be difficult to overcome.

Cost of wholesale energy is going down thanks to new wind projects

Pitt & Sherry notes that the growth of wind power has also had an impact on wholesale energy prices. For some time, those opposed to the growth of wind power have claimed that growing wind generation would lead to higher energy prices. This is not the case, however, as wholesale energy prices have fallen as wind energy becomes more available to consumers and businesses alike.