Australia's cumulative rooftop PV capacity nears 1.5 GW

Australia's cumulative rooftop PV capacity nears 1.5 GW

31.05.2012: According to the Australian Energy Market Operator (AEMO), Australia’s total installed rooftop photovoltaic (PV) capacity grew from 23 MW in 2008 to an estimated 1,450 MW by the end of February 2012. AEMO also found that in 2011, rooftop PV installations generated about 1,200 GWh of electricity, covering 0.6 percent of the country’s energy demand. AEMO forecasts that installed rooftop PV capacity will reach 5,100 MW by 2020 and nearly 12,000 MW by 2031, based on a moderate growth scenario. Under a rapid growth scenario – in which PV system costs fall sharply, energy prices rise quickly and incentives remain relatively generous – AEMO forecasts that installed rooftop PV capacity could top 18,000 MW by 2031. In a slow scenario, however, rooftop PV capacity would not even reach 6,000 MW by 2031. … Source: Australian Energy Market Operator; Summary: PHOTON http://www.aemo.com.au/en/Whats-New http://www.aemo.com.au/en/Electricity/Forecasting