Wind energy and other renewable energy sources will become increasingly significant in Australia but remain highly undeveloped, according to a new latest assessment by the government.
Australia has a rich diversity of renewable energy resources such as wind, solar, geothermal, hydro, wave, tidal and bioenergy with low greenhouse gas emissions, according to the first national Energy Resources Assessment by the Australian Government.
Other than hydro and wind energy, which are showing strong growth, many of the natural resources are largely undeveloped, constrained by the current immaturity of technologies, according to the assessment.
Wind energy in the country will account for 12.1% of the total power generation in 2029-2030 in Australia compared with 1.5% in 2007-08.
“Solar energy is a vast and largely untapped resource. Australia has the highest average solar radiation per square metre of any continent in the world,” the report states.
Solar energy use in Australia is projected to increase by 5.9% per year to 24 PJ in 2029-30, it adds.