The popularity of solar on the Gold Coast and across the land down under is growing, as Aussies embrace solar technology across the country.
According to energy consultancy firm, Green Energy Markets, says that Aussie households saw a record amount of new solar capacity being installed to them, for the first three months of 2019, with a 46% increase from numbers from the same time frame from 2018.
Victoria, in particular, saw a 90% increase in solar installations following the state government’s introduction of an incentive programme.
It’s expected that customers will save $600 million on electricity over the next 10 years, thanks to these new installations. The scheme is also providing benefits in other sectors, like providing new employment in the renewable energy sector.
That being said, the Australian renewable industry is currently having issues with the energy market regulators regarding their payment.
Currently, producers whose electricity travels the farthest distance receive less payment, thanks to a formula that calculates how much electricity is lost in transmission between wind and solar farms, which tend to be in remote locations, and the consumers they power.
Some operators are saying that this current formula isn’t optimal, and actually threatens the viability of certain sites. Providers of solar on the Gold Coast have less to worry about compared to those in more distant locations.
That being said, in spite of the disputes, there are many large-scale solar and wind projects currently under development.
Currently, renewable energy sources account for about 20% of the AU’s electricity in March, which amounts to 9.5 million homes, and cutting down on 2.7 million tonnes of CO2.
Australia’s embracing of sustainable energy is good, but still a little behind, as noted by the World Economic Forum, and its 2019 Energy Transition Index. The index rates countries based on energy performance, and it ranked the land down under at 43rd out of the 115 countries surveyed. The AU is one of the three large economies ranked outside of the top 25%, alongside Canada and South Korea.
According to researchers, this is due to the nations’ low scores on sustainability. These countries, the index notes, are high on economic growth and energy security, but they had some of the highest energy consumption per person, as well as carbon emissions.