Original article by Paul Garvey, Perry Williams
The Australian – Page: 1 & 4 : 30-Jul-25

Climate Change and Energy Minister Chris Bowen has revealed that the federal government will expand its capacity investment scheme by 25 per cent, to 40 gigawatts. However, analysis by Rystad Energy shows that no wind farm projects that will be part of the national electricity market commenced construction during the first six months of 2025. There were some new wind farm projects in Western Australia, which is not part of the NEM. Rystad has forecast that renewables will account for 64 per cent of the NEM’s energy by 2030, which is well below the government’s 82 per cent renewable energy target by this date. Government adviser Ross Garnaut has in turned warned that this target will be missed by a "big margin", even with an expanded capacity investment scheme.

CORPORATES
RYSTAD ENERGY AS, AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER