OEF Rapid Review
Solar photovoltaic accounts for 11 per cent of Australia’s national electricity generation capacity and 3.3 per cent of total demand. The country is on track to have 12GW of solar PV installed by 2020, boosted by an expected 2.3GW of new utility-scale capacity that is expected to be added over the next three years, off the back of increasing cost competitiveness and government initiatives. Total installed PV capacity grew to 5.8 GW at the end of 2016, and passed the 6GW threshold by Q1 2017. Residential rooftop solar installations are on 20 per cent of households.
LINK TO THE SOURCE ARTICLE:
Australia: Large-Scale Solar Market Set To Boom
