Declining PV prices, incentives, and the fear of losing incentives have caused a surge in solar installations in Australia. The result has been that the country has reached 2,000 MW of installed solar PV.
In July, there were about 1,700 MW of solar PV on an estimated 750,000 homes. This figure was about 10% of the total number of homes in the country. Currently, however, Australia’s main power source is still coal. Queensland and NSW are two of the areas with the most solar PV.
(For the sake of comparison, note that Germany installed 1,000 MW of solar in just September of 2012!)
As indicated by this long write-up on CleanTechnica awhile back, the way forward in Australia is not entirely clear: “Those on the inside of the PV industry can smell economic parity; we can see it and taste it in many parts of the world, including Australia’s retail market and we know how fast it is going to accelerate. It won’t come without bumps and wobbles and it isn’t a silver bullet. But it is grossly underestimated and with their own confirmation bias I suspect the deniers are failing to open up to what’s really going on around them.”
Australia’s solar power future is likely to be very bright, with 15 GW of concentrated solar power potential alone.