South Australia’s 100% Renewable Energy Law and BHP’s Expansion Plans

The South Australia Labour government is set to make history by enshrining its ambitious 100 per cent net renewable energy target into law. This move comes as mining giant BHP announces plans to double its refining and smelting capacity within the state.

Already a global leader, South Australia currently meets over 70 per cent of its local energy demand through wind and solar sources. The state recently expedited its goal of achieving 100 per cent net renewables from 2030 to 2027, coinciding with the completion of a new transmission link to NSW.

Leading the Way with Wind and Solar

While other regions rely on hydro or geothermal support for higher renewable shares, South Australia is poised to become the first to reach 100 per cent renewables solely through wind and solar energy. This transition includes storage solutions and a decreasing reliance on gas capacity for backup and reserves.

Commitment to Emission Reduction

The substantial decrease in fossil fuel usage on South Australia’s grid has not only led to significant emission reductions but has also prompted the state to enhance its 2030 climate targets. These targets now aim for a 60 per cent reduction below 2005 levels, with the 2050 net zero target being cemented into law.

Deputy Premier and Climate Minister Susan Close emphasised the importance of these goals, highlighting the state’s remarkable progress in emissions reduction over the years. The legislation not only solidifies the 100 per cent net renewable electricity generation target by 2027 but also sends a clear message of the government’s dedication to a net zero emissions future.

Renewable Energy Driving Economic Growth

Despite critics questioning the reliability of renewable energy sources like wind and solar, South Australia’s success story proves otherwise. Businesses are increasingly drawn to the state’s low carbon grid, falling wholesale power prices, and overall grid reliability, with ElectraNet receiving enquiries from companies looking to expand their operations within the state.

Recent data released by the state government showcased a significant increase in business investments, surpassing levels seen during the 2022 State Election. Energy Minister Tom Koutsantonis also highlighted BHP’s potential plans to double the size of the Olympic Dam copper mine, further solidifying South Australia’s position in the global decarbonisation effort.

BHP’s Renewable Initiatives

BHP has already taken substantial steps towards powering its operations with renewables, including agreements with energy giants for a sustainable energy supply. The company’s focus on green energy aligns with its plans for capacity growth and potential expansions at key assets within the state.

With a strong emphasis on sustainability and renewable energy, South Australia is not only leading the way in the energy transition but also positioning itself as a key player in the global shift towards a greener future.