1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy
  5. > Solar Energy Market Trends
Australia Solar Power Market - Growth, Trends, and Forecasts (2020-2025)

Australia Solar Power Market - Growth, Trends, and Forecasts (2020-2025)

  • July 2020
  • 157 pages
  • ID: 5934710
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The Solar Power market in Australia is expected to grow at a CAGR of 19.56% during the forecast period of 2020-2025. Factors, such as favorable government schemes for small-scale solar power generation, upcoming large-scale solar power projects, and supportive government packages for the solar power industry in the event of COVID-19 global pandemic to support solar PV installers in the country, are expected to drive the Australian solar power market (henceforth, referred as the market studied) during the forecast period. Despite the presence of driving factors for the market studied, factors, such as supply chain disruptions in the solar power market due to COVID-19 outbreak, increasing share of alternative clean energy sources hydro and wind power, and an expected delay in large-scale solar power projects, are expected to restraint the growth of the market.

- The solar photovoltaic (PV) capacity continues its dominance during the forecast period. Factors, such as the declining cost of solar PV and associated systems, are expected to augment the growth of the market.
- Despite a large capacity of solar power projects in the pipeline (both small and large-scale solar power), the global COVID-19 pandemic has caused several disruptions in the Australian solar power industry’s supply chain. However, supportive packages announced by the government for the renewable energy sector are expected to drive the market studied.
- In terms of deployment, utility-scale solar power is expected to witness the fastest growth during the forecast period.

Key Market Trends
Increasing Deployment of Solar PV to Drive the Market

- Australia has one of the highest average solar radiation per square meter, one of the highest per capita consumption of residential rooftop solar and leading solar PV technology in the world, but still lags behind the rest of the world in terms of mid-scale and large-scale solar development.?
- The power sector is dominated by coal, gas, and oil. Renewable sources contributed to 55,093 GWh (21%) of total electricity generation in 2019. The share of solar stood at around 7.8% in the total electricity generation.
- According to the Clean Energy Council, the electricity produced through solar power plants increased by 46% in 2019 as compared to 2018, mostly due to the commissioning of large-scale solar power plants in 2019.
- The cost of large-scale solar PV has fallen dramatically from AUD 135 per megawatt-hour (MWh) in 2015 to an expected AUD 44.50 – AUD 61.50 per MWh in 2020 by a combination of international and local improvements and is expected to continue.
- Solar PV investment grew gradually till 2018, however, the investment in large-scale clean energy projects plunged 56% in Australia last year, dropping to its lowest level since 2016 amid renewed uncertainty over the industry’s future.
- Moreover, the current COVID-19 outbreak has further worsened the scenario with the operators in a bid to reduce the cost are not expected to take up a new project. Moreover, the COVID-19 has propelled a lockdown throughout the globe, which has hindered the smooth functioning of the supply chain. This is further expected to restrain the growth of the market.

Utility Scale Solar to Witness Fastest Growth

- The 2020 large-scale renewable energy target (RET) was considered a highly successful policy. It drove unprecedented levels of investment in new utility-scale generation over the past two years (2017 and 2018). Around 15,700 MW of new capacity has been financially committed over the past two years (2017 and 2018), with that generation either under construction or recently commissioned. This new generation was predominantly in the form of wind and solar, which has been supported more by investment in energy storage.
- Investment in Australian renewable energy capacity fell by 40% in 2019. Large-scale wind and solar energy projects were the biggest casualties of the drop in 2019 due to a decline in investor confidence in Australia. Investment in utility-scale solar declined by almost 57% in 2019 compared to the previous year’s value.
- A lack of federal energy policy certainty and a combination of a range of regulatory challenges reflect that the investor confidence in large-scale renewable energy and the accompanying energy storage are fragile in the country.
- Despite policy uncertainty and transmission and connection challenges, the number of large-scale renewable energy projects underway at the end of 2019 increased to 89, compared to 87 in 2018.
- As of May 2020, around 6.07 GW of solar power capacity worth AUD 9.53 billion is under construction or due to the start phase in Australia. Such a huge capacity in pipelines is expected to boost the growth of utility-scale solar power in the country during the forecast period.
- Despite a large capacity of solar power projects in the pipeline, the global COVID-19 pandemic has caused several disruptions in the supply chain of Australia’s renewable energy, including solar. Around 3 GW of wind and solar projects in Australia are expected to be delayed, due to the COVID-19 health crisis and its impact on the local economy.

Competitive Landscape
The Australia Solar Power market is fragmented. Some of the major companies include AGL Energy Limited, Infigen Energy Ltd., Neoen SA, FirstSolar Inc., and Sunpower Corporation.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on