Frost & Sullivan report outlines bright future for ANZ solar PV market

Facebook
Twitter
LinkedIn
Reddit
Email

According to a report published by Frost & Sullivan, the solar PV markets in both urban and rural areas in Australia and New Zealand (ANZ) are steadily expanding due to volatile oil prices and strong governmental commitments.

Suchitra Sriram, program manager of Frost & Sullivan, says that market trends indicate burgeoning demand owing to strong governmental commitment to the promotion of solar energy and creation of sustainable cities and increasing commitment from the local government means that solar PV systems for rural electrification projects are likely to be driven by active participation of non-governmental organizations, availability of funds from international financial agencies, and the involvement of local communities.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

ANZ solar PV systems market earned revenues of US$198.2 million in 2009 and is estimated to reach US$827.8 million by 2016. “Growing environmental consciousness and the urgent need to act against soaring carbon emission levels have forced governments to put forth policies and programs that address this mounting challenge,” says Sriram. As a result, the introduction of the solar cities program, solar credits program, solar flagships programs and the introduction of state-specific feed-in tariff initiatives encompassing solar PV technologies have rapidly encouraged adoption as well as attracted new entrants into the ANZ region.

“The introduction of feed-in tariff is expected to be a big stimulant for on-grid solar PV system installations for both distributed and centralized solar power plants”, continues Sriram. “State-wise solar PV targets too have led to increasing demand for solar PV systems. In many remote locations, solar PV systems are largely promoted along with diesel fired generator sets to satisfy on-site power needs of small communities.”

However, the ANZ region’s strong reliance on coal is a current inhibitor to the growth of solar PV uptake. “In several cases, adoption of expensive solar PV systems becomes only a secondary option as there are several other low-cost distributed power generation technologies that satisfy the on-site power requirements of the end users.”

Solar PV systems market growth is expected to continue to rely on government support until the price reaches grid parity. This includes the government’s introduction of a uniform gross FiT scheme at a national level.

 “In few Australian states and in New Zealand, aggressive measures need to be adopted to increase the overall awareness levels about the long-term benefits of solar PV power systems,” concludes Sriram.

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
The UK government has released this week (30 June) its Solar Roadmap, which sets out practical measures to meet the country’s solar PV targets.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
July 1, 2025
Swedish independent power producer (IPP) OX2 has begun operations at a 100MW solar PV plant in Poland, its first project as an IPP.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA