The length of Power Purchase Agreements (PPAs) for Solar PV energy in Australia remained constant at 20 years from 2013 to 2019. In 2020, there was a notable increase to 21 years, followed by a slight increment to 22 years in 2022. As of 2023, the PPA length stood at 22 years. Forecasts indicate a gradual increase to 24 years by 2028.
Year-on-year variation shows:
- 0% from 2013 to 2019
- 5% increase in 2020
- 0% in 2021
- 4.76% rise in 2022
- 0% in 2023
The Compound Annual Growth Rate (CAGR) over the last five years is 1.92%, with a forecasted CAGR of 0.85% for the next five years, indicating a more moderate annual growth.
Future trends to watch for include the potential impacts of policy changes, technological advancements in solar PV efficiency, and shifts in market dynamics that may influence the length of PPAs further. Continued monitoring of regulatory developments and market sentiment is essential for accurate future predictions.
