Solar Power In Australia
Australia has over 2 GW of installed photovoltaic (PV) power (November 2012), and 859 MW of PV was installed in 2011 (more than double than in 2010). 2012 year-to-date installations exceeded 450 MW in August. This is up from 1031.1 MW of installed photovoltaic (PV) power (August 2011),. At a capacity factor of 14 percent, this would contribute 8/10th of one percent of Australia's electrical energy (~261 terawatt hours per year) (1.74 x 24 x 365 x 0.14 = 2133 gigawatt hours = 2.1 terawatt hours). Growth in the amount of installed PV capacity in Australia has been dramatic with a 10-fold increase between 2009 and 2011. Feed-in tariffs and mandatory renewable energy targets designed to assist renewable energy commercialisation in Australia have largely been responsible for the rapid increase. The first commercial-scale PV power plant opened October 2012 at Greenough River Solar Farm with a capacity of 10 MW. The price of photovoltaics has been decreasing, and in January 2013, was less than half the cost of using grid electricity in Australia.
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