'Tsunami' of renewables to sweep gas and coal out of market, and drive prices lower

3 May 2021
New analysis suggests that a flood of new wind and solar projects will drive electricity prices lower, and higher gas prices will mean the fossil fuel will play a minimal role in the future energy system.
A new analysis published by analyst firm Reputex on Monday estimates that around 7GW of new wind and solar projects will be commissioned in Australia’s main grid within the next two years, with a pipeline of more than 60GW of new projects out to 2040.
The majority of this new capacity will be focused in New South Wales and Victoria and will come as around 13GW of black coal power stations and 1.4GW of brown coal generators exit the market over the same period.

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