Featured in Spark of a yellow sun – 07-2022

New government, new targets

IHS Markit has increased its solar installation forecast for Australia to 45 GW between this year and 2030, following the recent election which saw the country vote in the Labor Party. Climate-focused candidates won a majority in May, with plans to invest in grid upgrades to facilitate the development of Renewable Energy Zones (REZs) and community solar-plus-storage projects. IHS Markit’s Clare McCarrick writes that solar installations will support the new government’s target of a 43% emissions reduction by 2030, based on 2005 levels. This is a significant increase on the previous government’s target of a 26% to 28% reduction.

By

pv magazine

18 Jul 2022

Source: IHS Markit

Supply chain constraints have challenged solar installations globally, and Australia is no exception. While utility scale solar installations have been slow in Australia mainly due to ongoing supply chain shortages, shipping delays, and increased costs, another issue the country has been facing is labor shortage. Due to border closures during the pandemic, there has been …

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