Oceania Solar Energy Market Analysis & Outlook Report 2019-2029 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 15, 2019--
The “Solar Energy Market in Oceania - Industry Analysis & Outlook Report” report has been added to ResearchAndMarkets.com’s offering.
Solar Energy Market in Oceania is mainly dominated by Australia, which has a massive solar energy potential due to the abundant solar resource. Solar energy is one of the fastest-growing industries in Australia. Australia has been criticised for generating a very small share of its energy from solar power. The solar demand is mainly driven by New South Wales, Victoria and Queensland.
The Australian government has taken the initiative and adopted several policies by giving incentives and tax relieves to attract investors. It is expected that the solar power market is likely to exhibit some healthy demand growth in the coming years, mainly in residential and commercial sectors. There are some opportunities for demand growth owing to higher electricity prices, rising fossil fuels prices and falling solar PV cost.
Australia has several feed-in tariffs (FIT) options for solar installation depending on the area. The rooftop solar segment is expected to increase comparatively at a higher growth over the forecast period. The government is also trying to reduce carbon footprints by increasing power generation from renewable sources, mainly from solar and wind. One of the downside risks in the coming years would be the high cost of a solar power storage system.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/tje3eu
View source version on businesswire.com:https://www.businesswire.com/news/home/20191115005156/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/15/2019 05:54 AM/DISC: 11/15/2019 05:54 AM