By Kate BennettNew Zealand’s government says the country is on track to hit its targets for renewable energy by 2030, with a new $3.6 billion wind farm set to bring the country into the green era.
Key points:New Zealand will generate more than $3 billion of renewable energy through 2030The government is looking to replace fossil fuels with renewable sourcesThe government says wind turbines can be built quickly to power buildings and carsThe Government will invest $3,400 per household to make up for lost solar energyThe Government is targeting a 20 per cent increase in electricity demand from renewables, with some households receiving an extra $3 per month.
New Zealand has been hailed as a leader in renewable energy.
It generated more than 30 per cent of its electricity from renewables in 2017, and more than half of the country’s power came from renewable sources, according to the government.
It said the Government is making significant progress on a number of renewable targets, including a 30 per one-year increase in renewable electricity demand to 100 per cent by 2030.
“As a nation, we’ve been a leader, a leader that I’ve been very proud of, and that’s something I’ve got to work hard at every single day,” Minister of State for the Environment and Natural Resources James Ashby said.
“New Zealanders are seeing the promise of a cleaner future, and it’s really important that we continue to make progress in the renewable energy sector.”
New Zealand is the first country in the world to set up a government-backed renewable energy fund.
Its target is to increase the share of renewable power in the country to 15 per cent.
The Government said it was aiming to invest $4 billion in renewable power from the 2020-2025 period.
It also said the fund would be used to build and operate more than 300 new wind farms and solar power stations.
The new windfarm, which is expected to be operational by 2020, will bring New Zealand into the clean energy movement.
It will be the largest of its kind in the developed world.
It will be a $1.6-billion project that will be used for new generation power lines and other infrastructure.
Newzavista, which will build the project, said the wind farm would also be the first large scale wind farm in New Zealand to use hydroelectric energy.
Newcastle-based Newcastle Wind is the company behind the project.
It has set up its own wind farm and is currently the only wind farm on the island, which has about one-fifth of the world’s population.
It is owned by a group of New Zealanders.
The wind farm will also generate about 600 megawatts of electricity, or enough to power around 5,000 homes.
New South Wales is also on track for a 50 per cent renewables target.