With 2018 coming to an end, it is time to reflect on the progress and development of the Solar Farm Industry throughout this year and the future potential for 2019 and beyond.
September marked a milestone when Australian solar PV installations surpassed 10,000 MW. Given that Australia’s focus on renewable energy started over 10 years ago, it is astounding that 3,366 of the total 10,000 MW was installed in only the preceding 12 months.
2018 has been a record breaking year for the renewable energy industry in Australia and there are no signs of it slowing down anytime soon. Future growth is extremely promising with recent announcements by the Australian PV Institute (APVI) that over 35,000 MW of Solar Farms are currently in the planning and development pipeline for Australia. This seemingly abundant demand could seem excessive if not for the fact that Solar, as at September, 2018 accounted for roughly only 5% of Australia’s electricity demand.
APVI have said that with the booming market and “outstanding” economic fundamentals for both residential and commercial PV applications, 2018 was a leap forward for the industry. As the infrastructure for renewable energy solutions expands and the cost of PV solutions continues to decrease, the demand and economic viability of Solar Farm development will undoubtedly follow.
With the astounding progression throughout this year and the promising outlook for the future, renewable energy is fast becoming a mainstream focus for many investors while also moving towards a mass market solution for many businesses and homeowners.
We look forward to being a part of this exciting growth. If you’d like to read any more information on our role in the Solar Farm industry and how we assist EPC’s, developers and array suppliers, read our ‘work with us’ page or contact us today.
Written by Solar Pile International.