Australia poised to take the lead in solar energy market

Australia poised to take the lead in solar energy market

July 16, 2012 0 By Angie Bergenson

Solar energy

Yingli Green Energy notes the solar energy potential of the country

Over the past decade, Australia has shown modest support for alternative energy. In recent years, this support has been growing at a rapid pace, with the country now showing major interest in solar energy. Because of Australia’s exposure to solar radiation, it is one of the most attractive locations in terms of a solar energy market. Yingli Green Energy, a Chinese solar panel manufacturer, believes that the potential for solar energy in Australia is so high that it may become the leader of the photovoltaic mass market by the end of the year.

Australia could benefit from Chinese manufactured solar technologies

Solar energy has been growing in strength all over the world. Demand for solar energy systems is growing amongst consumers who wish to see savings of their energy bills as well as help the environment. As demand for solar energy systems rises, so too does the supply of these energy systems. China has played a large role in the growing availability of solar energy systems. The country has thrown its manufacturing might behind the production of solar panels and other technologies, inundating the mass market with products that are driving down the price of solar energy systems.

Company expects solar energy market prospects to be extraordinary

Yingli Green Energy is one of the three largest solar panel manufacturers in China, as well as the rest of the world. Though the company has a small presence in Australia, it claims that the country could become a world leader in terms of solar energy in the coming years. The company expects Australia to see major progress in the solar energy market by the end of the year, with its prospects becoming “quite extraordinary” in 2014 and 2015.

Australian initiatives could put the country in the lead of solar energy market

Yingli notes the number of solar energy projects that are taking root in the country. Some researchers and solar energy market analysts have suggested that Australia may be the first to reach grid-parity with its solar energy initiatives. If this is accomplished within the next five years, the country could be home to the most active solar energy markets in the world.


Related article(s) and resources:

Spread the love