Solar Electricity Generation in Australia - Market Research Report (2014-2029)

Watts up: Government support has fuelled ongoing revenue and generation capacity growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

As Australia looks to a cleaner future, solar power offers a bright alternative to emissions-intensive fossil fuels. Advances in solar photovoltaic (PV) technologies have made solar commercially viable, with China manufacturing most of the world's solar panels. In contrast to small-scale solar - which is covering more Australian homes than ever before - the utility-scale market remains relatively untapped. Buoyed by public sector support, private capital is now flooding into new solar projects and propelling capacity growth. Larger farms are being constructed to generate economies of scale and service industrial firms. Amid vocal consumer and shareholder support for clean energy, businesses are adopting net-zero targets and locking in Power Purchase Agreements (PPAs) with solar generators.

Industry firms supply electricity to the wholesale market using large-scale photovoltaic generation systems, or solar thermal systems. Photovoltaic systems with a generation capacity of less than five megawatts are excluded from the industry.