State of Solar 2016: Globally and in Australia

07.03.17 By and

Solar power is surging in Australia and around the world, on the back of scaled-up production and continually falling costs.

Our new report finds that the solar rollout will continue to go gangbusters this year, with more than 20 industrial-scale installations set to go ahead across the country, and another 3700 megawatts in the pipeline.

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KEY FINDINGS

1. Globally, solar photovoltaic (PV) power is surging on the back of scaled-up production and continually falling costs.

2. Solar costs are now so low that large, industrial-scale solar plants are providing cheaper power than new fossil and nuclear power.

 

3. Australia remains a world leader in household solar

4. 2017 will be a huge year for large-scale solar in Australia.

5. A range of energy storage technologies will complement the growth of solar power providing secure, flexible power.

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