1. Two million Australian homes now have a solar power system
Aussies lived up to their sun-loving reputation in 2018, achieving a record-breaking milestone of two million homes with rooftop solar. Queensland led the nation with almost 600,000 systems installed, a bit under a third (30 per cent) of the homes in the state. The power of the sun not only gave homeowners some relief from the cost of energy, but also helped the power grid cope with demand on hot summer days.
Following on from the record-breaking year for the nation’s solar homes in 2017, solar PV records went through the roof again. On average six solar panels were being installed per Want to add a caption to this image? Click the Settings icon. minute in Australia, with the commercial sector growing by 45 per cent and the residential sector just a whisker behind with a 43 per cent rise in 2018.
2. Record $20 Billion Of Investment In Big Solar and Energy Storage Projects With 14.6GW of new renewable energy projects under construction – generating four times as much as the Liddell Power Station – it’s no surprise that 2018 completely surpassed
the year before.
At the end of 2018, more than 80 Solar and wind farms worth over $20 billion were underway, which is about double the investment compared to the end of 2017. These projects also created around 13,000 direct jobs. Add in the projects completed during the year and the figures grow by another $6 billion.
3. The Grid Emerges As The Next Frontier
With more renewable energy being built across the country than any at any other time in Australian history, connecting to the power grid is shaping up as one of the industry’s big challenges in 2019.
A Clean Energy Council survey of senior executives in the industry last December identified grid connection as their biggest concern, beating out long-term policy certainty for the first time.
The Australian Energy Market Operator and network businesses are working closely with the industry to tackle the issues and improve the process. But the most important thing for clean energy developers is transparency so that it is clear how long the process will take and how much it will cost.
There is also a clear need to build new poles and wires efficiently to connect new clean energy projects to the power system. The Integrated System Plan (ISP) developed by the Australian Energy Market Operator and the NSW Transmission Infrastructure Strategy are very good initiatives which will help to make our power cheaper, cleaner and more reliable.
Hop on the trends and see if you qualify with our Simple Solar Program : https://www.sunfactory.com.au/ssp