Rystad forecasts 17% shortfall from 82% renewables target

Rystad forecasts 17% shortfall from 82% renewables target Rystad Energy says Australia will miss its 82% renewables target by 2030 by 17% even under its most optimistic scenarios, with gas expected to play a key role in energy security and the transition. March 14, 2025 Ev Foley Markets Markets & Policy Australia Oceania Image: Solarpanal355, Pixabay Share From pv magazine Australia Rystad Energy said Australia will fall 17% short of its 82% renewable energy target by 2030 under its most optimistic scenarios, with gas remaining critical to energy security. Rystad forecast capacity shortfalls driven by the retirement of coal and gas plants, including Yallourn West and Eraring, by 2028 in New South Wales (NSW), South Australia (SA), and Victoria. The research found batteries and pumped hydro could address grid instability, with 3 GW expected to be operational by the end of 2025, but warned that supply bottlenecks and long wait times may delay renewable energy and storage projects. The federal government has sought to fast-track projects through the National Renewable Energy Priority List (NREPL), launched in March 2025, identifying key transmission, renewable generation, and storage developments nationwide. Image: Rystad Energy To continue reading, please visit our pv magazine Australia website. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. Growatt releases all-in-one 8 kWh balcony storage system 11 March 2025 The battery features four MPPTs and can take up to 2,600 W of PV input. It also has an AC nominal output power of 800 W.