Title Story
Accelerating the energy transition By Ulrike Andresen-Nikolai, German-Australian Chamber of Industry & Commerce
Next to COVID, one topic continues to dominate headlines globally: Energy. With Germany and Australia being at the forefront of exciting technological developments, we dedicate the first Accelerate issue of 2021 to the Energy Transition. The time for even closer collaboration in the energy sector between Australia and Germany has never been better. Investments and innovations abound – implementation, scalability, competitiveness, and commercialisation are the challenges that await. In Australia, renewables have set a record, with their share exceeding 30% in the National Electricity Market (NEM) for the first time. Just as a comparison, in Germany the share of renewables has been around 44% for 2020. At the beginning of February 2021, the National Energy Resources Australia (NERA) has announced it will invest $1.85M in 13
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ACCELERATE
RENEWABLE PROJECTS IN AUSTR ALIA ADDED UP TO MORE THAN:
14,600 direct jobs
$20.49 billion
investment
11.1 GW
n e w ge n e ra t i o n capacity 2017-2020
