Renewable Energy Generation Setting Records in Australia



Australia is leading the way in transitioning to a clean energy future. In the fourth quarter of 2022, 20% of energy in Australia was produced from wind and solar sources, and one day South Australia received 91.5% of its energy demand from renewable sources. A price cap has been imposed on oil and gas companies, bringing the price down to $93 megawatts per hour. Solar sector development is also being encouraged as Australia has lots of sunlight and plenty of space to implement solar energy. These changes are proof that renewable energy sources are the cheapest form of energy production and provide an incentive for other countries to implement similar solutions.

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