Canberra: Australia’s total electricity generation and storage capacity will need to triple by 2050 in order to keep up with demand, according to a report published by the energy market operator on Wednesday.

The Australian Energy Market Operator on Wednesday released the draft version of the 2026 Integrated System Plan (ISP), projecting that total electricity generation and storage capacity will need to increase from 92 gigawatts (GW) currently to 190 GW by 2035 and 297 GW by 2050.

The ISP, a roadmap for the least-cost and efficient development of the National Electricity Market that is updated every two years, projected that grid-scale wind and solar generation capacity will increase fivefold from 23 GW currently to 120 GW in 2050, reports Xinhua news agency.

In the same time frame,

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