AU Praised for PV Market, but More Effort Needs to Be Done

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Australia remains to be part of the top 10 countries with photovoltaic (PV) technology, but more work needs to be done as the country sets its climate targets higher.

According to the report published by the International Energy Agency (IEA), Australia’s efforts in reducing emissions are catching up with other advanced countries. In 2022, the government reported producing 29.7 GW from PV installed in at least 3.36 million Australian rooftops.

The report added that Australia was ranked 9th for annual installation capacity and 6th overall for cumulative capacity. The country is also ranked first in installed solar per capita with 1,666 watts per person. However, the government has seen a slight contraction compared to 2021. 2022 around 4 GW of solar was installed, a slight decline from the 5 GW established in 2021.

This outstanding performance in the solar market was thanks to the country’s unique characteristic, where it receives solar energy year-round. Another factor that contributed to the market’s rapid growth was that installation and maintenance costs drastically declined.

There has also been an observed growth of local Australian manufacturers that supply the country’s growing demand for PV equipment. The Australian PV Institute (APVI) noted, “We have a pressing need, we have the natural resources, and we have a very sizeable market. Now is the time for Australia to invest in the independence of our energy supply.”

Faith Birol, executive director of IEA, mentions, “Australia is an important player in global energy markets that are helping to meet today’s needs while advancing the transition to clean energy. I welcome Australia’s efforts to drive progress on low-emissions hydrogen and supplies of critical minerals – and its leadership on working with partners, including through the IEA, to strengthen the diversity and resilience of clean energy supply chains.”

But Birol added that more substantial efforts from the country’s government are needed to boost clean energy and improve energy efficiency to meet their steep targets by 2030 and align to the net zero goal by 2050.

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