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Digitimes Research: Australia solar market to boom in 2012 as carbon tax system takes effect Sophia Chen, DIGITIMES Research, Taipei [Thursday 19 July 2012]  Australia is an ideal location to develop solar PV systems due to the abundance of sunshine hours. Since 2008, various states in Australia have been providing high feed-in-tariff (FIT) rates as subsidies, and a rebate program provided by the central government has been promoting the development of the country's small-size solar PV installation market. Currently, 96% of solar PV installations in Australia are less than 10kW. In 2011, total solar PV system installations grew significantly to 837MW, an annual growth rate of 119% making Australia one of the most promising emerging solar markets. In July 2012, the country's carbon tax policy went into effect and has set the target to lower carbon emissions by 159 million tons in 2020. The government also plans to use carbon tax collected to invest into developments of renewable energy sources. This means Australia's solar market is expected to expand. The carbon tax system is likely to stimulate installations of high power-generation solar PV systems to grow significantly in Australia. In 2011, 90% of energy generated was from fossil fuel while energy generated from renewable energy sources accounted for 9.4%. The government has set targets that by 2020, the figure will increase to 20%. Currently, the country's main renewable energy is hydroelectricity, accounting for 67% of all renewable energy sources used while windpower accounts for 22%. Solar power accounts for 2.3%. Visit our website for table, pictures and any remaining text Related stories: Digitimes Research: Thailand solar market has good prospects (Nov 1) Commentary: Non-FIT business model to pave way for grid parity (Oct 15) Post-installation service contracts adding thousands of new sales prospects, says Solarbuzz (Sep 12) Taiwan plans tidal wave installations of 30MW (Aug 10) Japan-based solar module firm expands market share in US while China competitors face anti-dumping duties (Jul 20) REC reports 2Q12 revenues (Jul 20) Japan solar market may face PV inverter shortages (Jul 19) Price of mono-crystalline solar cells falls by 10% since 2Q12 (Jul 17) AUO expects to obtain 15MW PV installation projects in Japan in 2012 (Jul 17) Quotes for solar cells weakening, say sources (Jul 16) Taiwan solar firms struggling to attract new recruits (Jun 14) Solar firms face payment delays and financial woes (Jun 13) China solar firms shift business strategies (Jun 12) Top |
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