Australia investments in solar private energy

Why is Australia focusing on solar energy?

The Australian Renewable Energy Agency ARENA) is also driving projects along the PV supply chain to reinforce the focus on renewable energy targets. Also, market demand and consumer preferences are shifting towards solar energy due to the growing interest in clean energy solutions and the economic advantages of solar installations.

Which Australian solar projects are in the company's portfolio?

Other projects in the company’s Australian portfolio include the proposed 600 MW Birriwa solar farm and battery project also in NSW, a share in the 250 MW Baroota pumped hydro and 300 MW Bridle Track solar projects in South Australia, and the 160 MW Axedale Solar Farm in Victoria, which may also come to include a battery energy storage system.

How has the Australian solar market changed in recent years?

The Australian solar market has undergone a significant transformation in recent years. A mix of technological advancements, policy changes, and increasing consumer demand drives this. As the country strives to achieve its renewable energy targets, solar power has emerged as a key player in the energy landscape.

What are the biggest solar projects in Australia?

One of the biggest solar projects today is being taken by Pacific Partnerships, which involves the development rights for the 700MWac Cobbora Solar Farm and co-located large-scale battery energy storage project in New South Wales. When developed, it will be one of the largest solar farms in Australia.

Is Australia a good place to invest in rooftop solar?

While the rooftop solar market in Australia is, compared to other jurisdictions, relatively congested, we are increasingly working with investors focused on growth opportunities in the sector—in particular, investment in vehicle-to-grid storage technology and Virtual Power Plants (for both residential and commercial properties).

Which solar farms are being developed in Australia?

It is also working with the CEFC to develop the proposed 60 MW (AC) Perry Bridge solar farm and 80 MW (AC) Fulham solar farm both in the Gippsland region of Victoria, as well as the Blind Creek solar-storage hybrid power plant in the NSW southwest.