House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Ready for some quotes? Enter your postcode now

Solar power gears up for world domination

8th May 2012

There's no doubt that solar power has grown in popularity over recent years - just think about how many of your neighbours now have installed solar panels on their roofs compared to a decade ago.

The good news is that this upward trend looks set to continue for the next five years - or so a report from the European Photovoltaic Industry Association (EPIA) would have us believe.

In fact, solar power systems look set to become more popular than ever, as capacity around the world is expected to grow by between 200 and 400 per cent by 2017.

Although Europe was identified as having the biggest market for solar electricity, other regions are soon to pick up pace.

EPIA's secretary-general Reinhold Buttgereit explained to Reuters that China and India are not far behind Europe, with south-east Asia, Latin America, the Middle East and North Africa following closely behind.

"The growth will depend on the support of politicians. It's not only about money, it's also about reducing bureaucracy," Reinhold said.

The uptake of solar panels is boosted by government incentives such as the feed-in tariff, but the report expressed concern that the declining cost of solar power systems could mean these initiatives are cut.

Authors even went so far as to say that these incentives rely on the cost of solar power systems being high, otherwise they are rendered useless.

It would appear that our friends in Germany are currently doing best in the solar stakes and will be the major global driver for the remainder of 2012.

China is ranked in second place, followed by the US and Japan - Italy, on the other hand, was identified as the fastest growing market in 2011.

So what about us here in Australia? Well, the EPIA report makes little mention of our efforts, but this isn't to say we're not making any!

The price of solar panels has come down quite considerably over recent years, as noted in a report from McKinsey, a global management consulting firm.

Most of us factor cost into our purchasing decisions these days, but the study found that the underlying price of the panels will work to consumers' advantages.

Maybe when this starts to take effect, we too can be considered one of the world's forerunners in the world of renewable energy.

Until then, we all just have to keep doing our bit and hope our efforts don't continue to go unnoticed - Australia is more than capable of competing with these major overseas markets.

Posted by Mike Peacock


Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal