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A Mix of Wind and Solar Remains Most Affordable Energy Source in Australia

Solar and wind technology costs rose 9% and 35% respectively in 2022-23 YoY

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A mixture of onshore wind and solar, with a variable renewable energy share of up to 90%, remains the most affordable source of power in Australia in 2022-23 after the Covid-19 pandemic and global supply chain constraints raised the capital cost of technologies across the board, a joint report by the Commonwealth Scientific and Industrial Research Organization (CSIRO) and the Australian Energy Market Operator (AEMO) found.

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