Over time, the installation of Australian Solar System Stats has seen a steady rise. Records point to a remarkable 627 GW of photovoltaic energy serving global needs. Notably, solar energy contributed more than 3% to the world’s total energy generation in 2020. The awareness surrounding solar system installations is growing, and this trend is gaining traction among Australians. The Australian government’s grants for solar installations have added impetus to this movement. As a result, the measured growth of solar systems in Australia exceeds an impressive 6.50%.
Electricity Needs of Australian Industry:
The Australian industry relies on energy derived from coal and natural gas. As a result of Australia’s substantial coal mining industry and abundant natural resources. In 2019, fossil fuels contributed 76% of the total energy generation, while renewable energy constituted only 24%.
Stats of Renewable Energy in Australia:
Over the years, electricity generation from renewable sources has grown to 24%. In effect was driven by government incentives and subsidies that encourage increased investment in renewables.
As of 2019 reports, out of 92 hybrid-solar projects, 27 are operational, with 66 still under construction. The government invested over 24.9 billion dollars in generating 13,269 MW.
Expected Solar Energy Stats in Australia.
Before the global pandemic, a projected 18% revenue growth over the next five years was anticipated, reaching 1.3 billion dollars. Furthermore, there are expectations for a further increase in solar system installations.
Australia possesses substantial developmental experience and growth potential. The country ranks among the top in solar capacity per capita. In 2019, solar systems contributed to over 5% of energy generation and 22% under the renewable label.
In conclusion, we can say that the global epidemic had never affected the growth of renewable energy sources in Australia. Therefore, you can avail yourself of the opportunity of saving electricity bills by switching to renewable energy sources. You can ask our experts for more information about your solar system.