Canberra: Australia is on track to overshoot its 2030 rooftop solar targets, with enthusiasm for panels and batteries offsetting drops in broader renewable investment and large projects.
About 27GW of rooftop solar had been installed by homes and small businesses by end-June, the Clean Energy Council said in a report.
That is set to rise to 37.2GW by the middle of 2030, beating the nation’s target by more than 4%, the renewable energy advocacy group said.
Australia’s roughly 11 million households have the world’s highest level of solar installations, helping to drive the nation’s transition away from its ageing fleet of coal-fired power generators.
The government is eager to tap that enthusiasm as it seeks to meet an ambitious target to more than double renewable generation by 2030, and in July launched a programme to cut costs of home batteries.
Residential battery sales almost tripled in the first half of this year from a year ago in the lead up to the programme, the Clean Energy Finance Corp said. — Bloomberg
