Australia's ULC Solar Target Could Enable 2,000 GW Market and 1,000 TWh Domestic Supply
Research from ACAP at ANU and UNSW highlights that ultra-low-cost solar could support 1,000 TWh/year for domestic use and 2,600 TWh/year for export, creating a 2,000 GW solar market in Australia by 2030. The ARENA 30-30-30 vision aims for 30% solar module efficiency and $0.30 per watt installation cost. The study shows potential for significant cost reductions in heavy industry and green commodity production.
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Researchers from the Australian Centre for Advanced Photovoltaics (ACAP) at ANU and UNSW have determined that ultra-low-cost (ULC) solar could enable a 2,000 GW solar market in Australia. Their analysis indicates that ULC solar can deliver 1,000 TWh/year for domestic use and 2,600 TWh/year for export, aligning with the Australian Renewable Energy Agency's (ARENA) 30-30-30 vision of achieving 30% solar efficiency and $0.30 per watt costs by 2030.
The modeling suggests that ULC solar can enhance the economics of transitioning to a fully renewable energy system, supporting decarbonization and competitive production of green metals. The project is led by ANU's Kylie Catchpole and Andrew Blakers, with contributions from UNSW.
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