With global climate change leading to frequent extreme weather events, the safety of solar plants and the associated stable income of customers has become a serious concern for the industry at large.
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.