The 15GW Asian Renewable Energy Hub in Northern Australia is doing more than just creating clean energy jobs.
Due to COVID and the complexities of construction under pandemic conditions, investment in industrial solar has slumped this FY to the lowest since 2017 (after years of positive trajectory). Despite this, Australia has risen to third place in the in biannual Renewable Energy Country Attractiveness Index published by Ernst & Young.
The Australian Clean Energy Council – of which Genevo is an accredited member – said that despite COVID-19 barriers, there was $600M invested in large-scale renewable energy projects in Q2FY21 – which is down significantly on the previous quarter, but set to scale with the pandemic in Australia being largely controlled.
The export market creates significant job opportunities in regional Australia, but just as importantly it shows that Australia has the skills and resources to be a major influence in the region for industrial solar projects. We always knew this, but it’s great to have proof being shown by way of investment.
With investment, comes further research, prototyping, and technology advancements, helping us to create and maintain a competitive advantage in large-scale solar projects. Genevo Renewables plans to be at the coalface of these developments as we have always been, creating commercial opportunity for our clients through detailed analysis and clean energy efficiency.