Renewable Energy News

The renewable energy industry, which until recently was projected to enjoy rapid growth, has run into stiff headwinds as a result of three era-defining events: the COVID-19 pandemic, the resulting global financial contraction and a collapse in oil prices.

Despite the drastic effects of COVID-19 still making itself at home across the country, Australia’s seeing some significant shifts in clean energy, with a steep uptake now taking place in all corners.

According to One Step Off The Grid, the Northern Territory government has introduced a program titled the Business Battery Scheme (HBBS) for households and companies across the state.

While headlines across the nation are still surrounding Australia’s 50 per cent renewables target, Tasmania’s Liberal government has set its own goals with a potential first for the world. The state has its sight set on reaching 200 per cent renewables by 2040, all throughout a combination of hybrid, wind and solar power.

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