South Australia has world-class natural resources that are increasingly attracting investors in wind power, solar, geothermal and wave energy.
South Australia leads the nation in the uptake of wind energy and roof-top solar. In less than ten years, installed capacity has grown from zero in 2003 to more than 1,200 megawatts in wind and 400 megawatts in roof-top solar. As a result, in 2012-13, 27% and 4% of electricity generated in the State was sourced from wind and solar respectively.
The installed capacity translates into capital investment which benefits the regional and State economy. Since 2003, there has been $5.5 billion in investment in renewable energy with some $2 billion, or 40%, of this investment occurring in regional areas.
To further support South Australia’s ongoing push for renewable energy, a new target has been set for low carbon investment of $10 billion by 2025. This new target is complementary to existing State targets, including the commitment to the target for 33% of electricity production by renewable energy by 2020.