๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Australian PV market sees strong growth


Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
74 KB
Volume
2003
Category
Article
ISSN
1473-8325

No coin nor oath required. For personal study only.

โœฆ Synopsis


According to the Australian Business Council for Sustainable Energy (BCSE), the 2002

Australian market for PV systems grew by 27%. Sales for grid-connected solar PV systems grew by 95%. The information was presented at a renewables conference in Hobart.

BCSE said that part of this success can be attributed to government incentives to promote sustainable PV systems. Households wanting to install a solar PV system can receive a federal government grant of up to A$4000 (US$2300).

'The growth in sales for solar PV systems in Australia is consistent with what is happening around the world,' said Ric Brazzale, executive director of BCSE. 'The solar PV power market is one of the fastest growing energy markets worldwide, and has been for the last five years, with compound annual growth of around 35%. If this rate of growth continues, the global market for solar PV systems will be worth more than US$20 billion annually five years from now.'

In 2002, Australia's production of solar PV cells doubled, said BCSE. Total industry sales


๐Ÿ“œ SIMILAR VOLUMES