Peak load tipped to double as industries flock to Australia’s world-first 100 pct renewables grid

« Peak demand in South Australia is expected to double over the next 15 years as industry flocks to the state, attracted by its high level of renewables and its unique status as the world’s first gigawatt-scale grid to reach 100 per cent net renewables.
The state transmission company ElectraNet says the state is on the verge of a “once-in-a-generation” economic growth opportunity, underpinned by low cost, reliable and green grid.
ElectraNet says interest in connecting to the state transmission network is at its highest level in decades, and peak electricity demand is forecast to double over the next 15 years, from 3.3 gigawatts currently to more than 6.5 GW.
“South Australia is facing a jobs boom as industries seek to access the State’s unique combination of valuable minerals and world-class wind and solar renewable energy,” ElectraNet CEO Simon Emms said in a statement.
“As industries such as mining, steelmaking, defence and AI expand, the demand for electricity in the State is set to grow significantly.
“We have the opportunity set the new global standard for a modern economy, where rapidly growing business and industry are supported by clean energy. »