Australia: A global Leader’s Journey Towards Shifting to Renewable Energy
Solar energy as a growing industry has been well recognized in Australia. This country has the highest solar radiation especially with the help of their desert regions. Photovoltaic systems especially play a large role in powering remote areas.
According to the Clean Energy Australia report, around 700MW of renewable energy projects were finished and began production in 2017. The Australian government is further nurturing the use of renewable energy through supportive policies and their focus on research.
During the end of 2018 more than 2 million solar rooftops were installed across Australia. The country has seen it’s highest uptake of solar power in the world as 20 % of residences had solar PV systems installed already (Australian Department of the Environment and Energy).
Solar cities, an innovative initiative intended to display how combining solar power, energy conservation, smart meters, and new electricity pricing can help in providing a sustainable future for urban areas.
It is a 75 million dollar project and the first four solar cities announced were Blacktown, Adelaide, Alice Springs, and Townsville. Through this enterprise, they also plan to help low-income and rental households to be able to enjoy the benefits by offering numerous cost reducing initiatives (Wayback Machine Archive).
In addition, the Silver Cell PV system was developed in Australia to reduce the need for silicon, which is costly and has less supply. This system will be used in conventional solar panels and will match the power, efficiency, and performance. Currently, the company Origin Energy has mentioned it is commercializing these silver modules at their pilot plant in Regency Park, South Australia
Most of the global economies have been assertive in utilizing solar rooftops and is being broadly used in three types of business models:
Capex:This is the most basic business model where there is no investment from a third person.
Opex:The investment is undertaken by a third person or the installing company and the consumer will pay for the electricity they use. This has two sub-types, which are rent a roof (lease based) and pay as you go (monthly basis).
Build Own Operate and Transfer (BOOT):The installing company owns the system and the consumer pays them for the usage and eventually the ownership is transferred after the greed upon time period.
Many of the nations have been installing a lot of rooftops in parallel to the grid scale power plants through the different kind of new business models. Australia is using 97% rooftop installations in comparison to Grid scale power plants (wikipedia).
Adequate public and private sector investment and accommodating government policies can definitely help Australia to completely shift to renewable energy within this era.
This can be achieved through building more large scale solar and wind energy generators, upgrading the infrastructure along with other suitable energy productivity measures (The Sydney Morning Herald & The Climate Commission).
Australia continues to innovate and improve technology in order to produce the best results in terms of sustainable energy generation. Solar energy production is at it’s highest and continues to grow. Many surveys and studies showed there was considerable support from the public as well, to use renewable energy.
India is just beginning to participate in this leading race and can take encouragement from developed countries that are innovative leaders in the clean technology revolution.
The Indian solar energy market is large and has a lot more prospect in terms of solar power. It surely has the potential to become a top global contender in this field.
We at Amplify aim to serve this Indian market by offering a one-stop solution for people looking to switch to solar rooftops. Our platform connects consumers with installers, financers and provides maintenance support all in one site. We aim to make the entire process less complicated for users.