Originally published on Solar Love.
Propelling a global boost in renewable energy, Australia’s Clean Energy Regulator has reported small-scale rooftop solar totaled 4.59 GW in 2015.
As reported by pv-magazine, data released by the Clean Energy Regulator shows 119,000 new small-scale PV installations have taken place in 2015. While not as sizable as 2014, this number distinguishes Australia with the highest portion of residential buildings with rooftop PV globally.
The Australia small-scale rooftop solar numbers also show the nation has maintained its world lead the world in deployment of rooftop solar. Counting a December 1 calculation, Australia has reached 1.49 million small-scale PV installations. This total is based on data released by this country’s Clean Energy Regulator.
The Clean Energy Regulator was established on 2 April 2012 as an independent statutory authority by the Clean Energy Regulator Act 2011, and operates as part of the Environment portfolio.
Clean Energy Finance Corporation (CEFC) estimates the nation will have another 300 MW of large-scale PV by the end of 2015.
“Renewable energy is essential to Australia’s future economic growth and prosperity in a carbon-constrained world and to helping lower Australia’s carbon emissions. The transformation of Australia’s energy sector will require around $100 billion in investment in the renewables sector over the period to 2050.”
The CEFC Act has provided that a minimum of 50% of the CEFC portfolio be invested in renewable energy technologies, related enabling technologies and hybrid technologies that integrate renewable energy technologies by 1 July 2018.
CEFC reports on Australian solar potential
The CEFC has stated, “With the highest average solar radiation per square metre of any country in the world, and substantial cost reductions in solar technology over recent years, there is significant future opportunity for growth in deployment of solar technologies in Australia.”
CEFC has invested in both large and small-scale solar projects using solar photovoltaics. It reports the demand for solar financing continues to be strong, with solar projects valued over $3 billion.
The clean energy report shows a solid foundation for small-scale solar is in place.
Image: Rooftop solar panels via Shutterstock