In addition to supporting policies, the report states that these records will be the result of utilities and energy stakeholders finding new ways to finance renewables deployments and to optimise infrastructure management.
Key study findings include:
- Up to 44 GW of solar, 27 GW of wind and 8 GW of battery storage capacity will be deployed in 2022.
- The creation of dedicated programmes including virtual power purchase agreements and green tariffs will support clean capacity deployments.
- Early plant retirement costs due to the energy transition will present challenges for utilities and state regulators with 29 GW of coal retirements planned for 2020 through 2025.
