Australia set for cheaper solar power as supply of panels soars, says report

Original article by Peter Hannam
The Guardian Australia – Page: Online : 14-Jun-23

Think tank Climate Energy Finance notes that a record 268 gigawatts of solar panels was installed globally in 2022. A new report from CEF forecasts that this could reach 1,000GW per annum by 2030, given the pace of solar power uptake. The report also concludes that the cost of installing solar panels is likely to fall significantly, given the rise in production and a downturn in the cost of raw materials such as polysilicon. Renate Egan from the University of New South Wales says Australia could have a competitive advantages in parts of the solar panel supply chain.

CORPORATES
CLIMATE ENERGY FINANCE, UNIVERSITY OF NEW SOUTH WALES

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