IEEFA

The International Energy Agency (IEA) has predicted that Artificial Intelligence (AI) and data centers will sharply increase the demand for renewable power. The net increment of renewable power generation for AI will likely triple to 262 terawatt-hours (TWh) by 2026 compared to 2023, and the share of AI demand in renewable power generation is expected to double to 17.9%.

It is predicted to diminish in the coming years.

Gas power in Australia is decreasing.

Its poor energy infrastructure impedes the integration of new capacity from RE projects. 

Experts said adding nuclear energy in the energy mix is a big risk.

Countries must attract investments to advance their clean energy goals.

Their gas consumption surged by 136% in fiscal year 2023-2024.

Debates over existing policies are ongoing amidst the rise in rooftop solarisation.

It needs $285b to boost its clean energy capacity and hit climate targets by 2030.

Semiconductors alone account for over 20% of the country’s exports.

$146 billion worth of investments from the private sector is needed. 

An independent think tank warns taxpayers may be put at risk.

The country needs at least 35GW to reach its 500-GW target in six years.

Planning, procurement, and investment processes should be reevaluated.

Experts believe the government can streamline the process by taking the lead in site designation and subsea surveys.

It should not only rely on thermal energy.