Third-party ownership taking hold in Australia
Australia: Echoing the success of third-party ownership models in the U.S., there is evidence that new financing models in the Australian rooftop PV market will emerge. Even as state-based support schemes are wound back, the fundamentals for solar in Australia remain strong. Elena Bai? of DNV GL Renewables Advisory (formerly GL Garrad Hassan) discusses the potential for third-party models in Australia, examining possible structures and experiences to date.
Residential-scale rooftop solar PV has been booming in Australia, clocking 58% growth in 2012 – 13 alone. Residential-scale systems account for the vast majority of Australia’s 3 GW of PV installed, with relatively few commercial or utility-scale installations compared to other maturing PV markets. Growth has been driven by advantageous state-based feed-in tariffs (FITs) introduced …
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