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Australia Produces Enough Renewable Energy To Power 70% of Homes

FUTURISM — Between July 2016 and July 2017, Australia generated enough energy from renewable sources to provide electricity to 7.1 million homes, roughly 70 percent of the country’s total households, according to a newly released report produced by Green Energy Markets.

The Australian Renewable Energy Index is a country-wide report that analyzes the impact of renewables on the nation’s overall electricity and energy landscape. August marked the first time the report was released, but the plan is to publish one every month moving forward.

This month’s report provides a clear indication of how far Australia has come in its efforts to bolster renewable and clean energy, as well as how much further it could go.

“The renewable energy sector has staged a remarkable recovery, after investment completely dried-up under former prime minister Tony Abbott,” Tristan Edis, an analyst from Green Energy Markets, told The Guardian. He added that the report confirms how renewables could become a “significant source of power” for the country and help the economy by producing “construction jobs and investment boom.”