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New Australian PV installed capacity of 1.05GW in 2017


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%.