Australia: A Place For The Solar PV Market

- Dec 11, 2018 -

Australian local media reported on December 4, 2018, the Australian Clean Energy Administration statistics show that as of the end of November this year, the number of households installing photovoltaic solar panels in Australia has exceeded 2 million, accounting for one-fifth of the total number of Australian households.

The rise in electricity prices is the main reason for the popularity of photovoltaic solar panels in Australia, with a high proportion of photovoltaic solar panels installed in sunny South Australia and Queensland, reaching 31% and 30% respectively.

The head of the Australian Clean Energy Administration said that solar panels have a high return on investment, and households using solar energy can save an average of 540 Australian dollars (about 2731 yuan) per year. According to the Australian national electricity market, one-fifth of Australia's electricity comes from renewable energy, and solar energy has become Australia's second largest power generation after coal power generation.

It is reported that Australia is stepping up the construction of solar power plants. Not long ago, the Australian Broadcasting Corporation reported that a Queensland solar company filed an application for the construction of a solar power plant and battery energy storage project to the state's Jinpi City Council, with a planned investment of A$2 billion (approximately RMB 10.4 billion). Australia's largest solar power station. It is reported that after the completion of the project, solar power stations and battery energy storage equipment can supply electricity at the same time, which can meet 15% of the electricity demand in southeastern Queensland.

China is Australia's largest bilateral trading partner for goods and services and Australia's largest energy export market. From 2015 to 2016, Australia's total energy exports to China totaled more than A$59 billion, more than a quarter of Australia's total merchandise exports to various countries. Changes in China's energy industry structure and policies are bound to have an impact on Australia's energy industry.

As the world's number one country in terms of lighting resources, it is estimated that by 2050, Australia's solar power will meet 29% of electricity demand in Australia. Therefore, driven by various market trends, Australia's energy and solar products are in great demand.

With its unique clean energy development conditions and the government's energy policy, Australia has become one of the fastest growing countries in the global energy storage industry. The energy storage industry has even achieved initial economic benefits in Australia. The growing maturity of energy storage technology has made it a global indicator of clean energy technologies.

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