The solar photovoltaic (PV) capacity in Australia, which stood at 17.99 GW in 2020, is estimated to reach 80.22 GW by 2030. The solar PV accounted for 21.7 per cent of Australia’s total power capacity in 2020 and it is estimated to reach 47.56 per cent in 2030, according to GlobalData, a leading data and analytics company.  GlobalData’s report reveals that during 2000–2020, thermal power dominated Australia’s power mix with 58.6 per cent share in the total power capacity in 2020.  Aditya Sharma, Power Analyst at GlobalData, comments: ‘Australia plans to compensate the decline in thermal and hydropower capacity with renewable power capacity growth. By 2030, the share of renewable power capacity is set to reach 69.9 per cent, driven mostly by solar PV installations.’

Source: GlobalData