Australia must triple electricity generation and storage capacity by 2050: report
Summary
Australia must triple its electricity generation and storage capacity by 2050, increasing grid-scale wind and solar and expanding the transmission network, to meet demand and reduce emissions.
Key Points
- Australia's electricity generation and storage capacity must increase from 92 GW to 297 GW by 2050 to meet demand.
- Grid-scale wind and solar capacity is projected to grow five-fold to 120 GW by 2050.
- Electricity storage capacity will increase from 12 GW to 55 GW by 2050, including batteries and pumped hydro.
- Coal-fired power generation capacity will decline from 21 GW to zero by 2050 as per the report.
