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New Australian PV installed capacity of 1.05GW in 2017

2018-01-19

According to preliminary data from Bloomberg New Energy Finance (BNEF), the number of new photovoltaic installations in Australia reached 1.05GW in 2017,breaking the previous record.Australia's PV system, which is primarily a rooftop photovoltaic system, has been reduced to a $1.26 / watt ($1.0 / watt) after the subsidy of the 4kw system in 2017.BNEF forecasts that Australia will surpass Germany as a global leader in distributed power systems by 2024,when it will account for 21.7 % of the total installed power generation capacity.By 2040,Australia's distributed power capacity will reach 44.6%.