Deutsche Bank has identified Australia as one of the key “grid parity” markets that support its prediction that the world is about to enter a second “solar boom” and demand will tip 56GW in 2014.
The graph below illustrates its broad predictions for the Australia market, although (unlike the graph), the bank predicts a range of between 800MW and 1,000MW over coming years. It estimates around 100MW of solar will have been installed in December, taking 2013 levels to around 850MW. Â Deutsche Bank is confident that the market will grow in coming years, supported by the roll-out of leasing deals that have proved popular in the US.
“The country is … witnessing a growth in its solar leasing market for both residential and commercial customers,” Deutsche writes. It cites the entry of US firm Sungevity, a new solar leasing scheme from Trina Solar through a new company called Lightleasing and the emergence of other players such as Infinite Energy, SunPower and Photon Energy.
