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Solar PV providing 2.4% of Australian power generation in 2014

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Installed solar PV capacity in Australia totalled 4GW at the end of 2014, and provided 2.5 per cent of the nation’s electricity generation, a new report has found.

The report, the latest annual update from the Australian PV Institute, said the nation’s market grew only slightly in 2014 – to a total installed capacity of 7.2 per cent – despite a contraction in the residential rooftop solar market, which counted more than 1.4 million rooftop systems installed at the end of the year.

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Overall growth of the PV market was largely attributed to utility-scale projects like the 102MW Nyngan solar farm in NSW – one-quarter of the capacity of which was completed in 2014 – and the completion of the 24MW Royalla project in the ACT.

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The year was also notable for the first private sector utility-scale installation, with the completion of Belectric’s 3MW solar farm.

The report noted that the contraction in the residential market had been offset by growth in the commercial sector – a trend that was likely to continue in 2015, as the residential market contracted further. See table below.

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The report also noted that increased interest in on-site storage technologies was expected to gain more momentum in 2015 as products became more cost-effective.  Below you can see APVI’s table charting the price evolution of solar PV.

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  • Alen T

    Sophie, the article’s title are slightly ‘off’. 2.5% vs 2.4%