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2019 was another record-breaking year for the Australian solar PV market in terms of new installations. However, when it comes to new large-scale investments, Bloomberg New Energy Finance (BNEF) reported a decrease of almost 60% in 2019 compared to 2018. Despite this decline, the market was not showing any signs of slowing down. Nonetheless, given the impact of Coronavirus on the global solar value chain, the growth trajectory of the market will also experience the effects of this pandemic.
As a result of continued high installation rates, the cumulative installed solar capacity was estimated to reach 14.6 GW by the end of 2019. According to a report published by the ANU Energy Change Institute, over 50% of the newly-added solar capacity came from large-scale solar projects in 2019.
In order to take better stock of the budding Australian solar market, we have updated our data overview of the country’s largest operational solar PV projects to bring you relevant insights on: