Queensland accounts for half of Australian large-scale PV investment

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Clean Energy Council chief executive Kane Thornton said the falling costs of solar had drawn huge interest from construction companies and major financiers. Credit: Twitter

Queensland is currently the leading Australian state for large-scale solar development and is pushing the country towards another record year, according to Clean Energy Council chief executive Kane Thornton.

Thornton said that during 2018, a total of 20 projects were actively under construction, would soon start or had already been completed in the state.

He added: “Across the country, projects which are under construction, completed or have secured financial commitment add up to AU$5 billion in investment, with Queensland investments contributing more than half – 52%, or AU$2.6 billion. All up, large-scale solar activity in the state adds up to almost 2,670 direct jobs and 1,400MW of new clean energy.

“Large-scale solar has gone from an emerging technology in Australia at the beginning of the decade to a genuinely game-changing form of power that is cheaper than new coal or gas. It has exceeded the expectations of even the most optimistic predictions.”

Thornton said the falling costs of solar had drawn huge interest from construction companies and major financiers.

A council in Queensland recently confirmed receipt of a planning application for a 1.5GW solar farm, with provision for battery energy storage, from Sunshine Energy Australia.

Read Next

PV Tech Premium
July 23, 2021
A reduction in deployment costs combined with technology gains mean solar-plus-storage is an increasingly attractive option for off-grid mining operations looking to cut emissions. Jules Scully looks at successful case studies and the opportunity ahead.
July 16, 2021
The new chief of the Australian Energy Market Operator (AEMO) has said he wants the country’s grids to be capable of handling 100% renewables by 2025.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
July 13, 2021
A renewable energy hub consisting of up to 50GW of solar and wind generation for the production of green hydrogen is being planned for Western Australia.
July 12, 2021
Investor confidence in the Australian clean energy market has been dented by “unhelpful and unpredictable” government interventions.
July 5, 2021
Australia’s electricity markets are undergoing a profound transformation from a centralised system of large fossil fuel plants towards an array of smaller-scale, widely dispersed solar and wind generators, grid-scale batteries and demand response, according to a new report from the Australian Energy Regulator.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK