Mar 21, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

AusBN - Glencore will purchase Rio Tinto’s Hail Creek coal mine in Qu...

TPG Telecom H1 profit dips 11% to under $200 million

TPG Telecom H1 profit dips 11%…

AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

Renewable energy contributes to 20% of electricity mix in NSW

solar panels on rooftop sydneyAusBNAusBN - Sources of renewable energy have made an unprecedented contribution to the electricity mix in New South Wales, with renewables providing 19.6% of the state’s total power needs.

Energy produced from hydro, solar, wind, bioenergy and small hydro contributed to a fifth of the state’s electricity mix, with the majority of the remaining power originating from coal-fired sources (75.8%).

The single biggest provider of renewable energy was the Snowy Hydro scheme, according to the NSW government’s Renewable Energy Advocate Amy Kean, although she highlighted the increasing involvement of solar power in the state’s electricity mix.

"Solar is the real winner right now, we've seen a transformation in the home with one in seven homes harnessing the sun," said Kean. "We've seen huge changes in the last five years, renewable energy has doubled in capacity."

Kean added that the private sector is investing AUS$14 billion in renewable energy projects, with 12 such plans currently under construction.


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