Solar Energy In Australia- Where Are The Pockets Of Opportunities?

Summary

  • solar energy is one of the most important forms of renewable energy because it is a vastly available clean energy resource.
  • Australia receives the highest radiation per square meter and is one of the best places to develop solar energy resources.
  • While developments are fostering well across the continent, but expansion of technologies, granting more subsidies, and encouraging the adoption of these sources remains vital. 

 In many cultures, the sun is perceived as God because it is the primary source of heat and light on earth. The radiation that the sun emits provides heat and light by fusing hydrogen into helium at its core.  Perhaps solar energy is one of the most important forms of renewable energy because it is a vastly available clean energy resource.

Currently, there is a need to install and embed efficient solar power plants into different business realms to convert the radiation into useful energy. Once this is done, then the fuel is free for life.

The amount of radiation received by the earth’s surface in merely a few hours can provide energy to the entire world for months. This energy could be used for several commercial and industrial purposes without causing almost any harm to our environment.

© Antonyesse | Megapixl.com

Decoding Australia’s relationship with solar energy

Australia receives the highest radiation per square meter. The continent is one of the best places for solar energy resources. The amount of solar radiation that Australia receives is 10,000 times higher than its total energy consumption. On average, it receives 58 million PJ of solar radiation.

GOOD READ: ASX stocks with exposure to solar energy

Impressively, solar, thermal, and photovoltaic technologies are substantially improving in Australia.

A study released by The Royal Melbourne Institute of Technology brought to notice that Australia’s government-owned Airports are the ideal places for solar power plant installation. 1.3 million homes can receive power if solar panels are installed on Airports’ rooftops. This will play a significant role in achieving its “net-zero emissions” goal.

Installation of solar plants on airport roofs is going to be a much more efficient way for the generation of power through solar energy. According to The Journal of Building Engineering, the town of Bendigo has 17,000 residential solar panels. If 21 federal airports of the town are used for solar panels installation, then they would produce 10 times more electricity than 17,000 residential plants. This may further help in reducing greenhouse gas emissions by 15.6 Kilotons a year.

It should be noted that airport roofs are most efficient for solar panels because they are not surrounded by tall buildings and trees, thus, they receive complete sun exposure. This makes airports an ideal place for solar energy panels. 

Dr. Chayn Sun, a Geospatial Scientist in RMIT believes that harnessing this power source would avoid 63 kilotons of coal being burned in Australia each year. This will be an important step towards a zero-carbon future.

Recent developments in the continent

The government-owned water utility in Australia has recently completed its substantial solar installation project. Under this project, more than 350,000 PV panels have been installed across 33 water treatment plants and pump stations across regions of Southern Australia. This project is manifested under the “zero-cost energy future initiative.”

Copyright © 2021 Kalkine Media

Under this project, SA Water has established the world’s largest fully moveable solar array at its Happy Valley Reservoir. This provides drinking water to more than 40% of total SA Water customers around metropolitan Adelaide. 

ALSO READ: Critical minerals can strengthen global climate ambitions, says International Energy Agency

The Australian National University report says that renewable energy in Australia is expanding at a per capita rate ten times faster than the world average. Various solar panel recycling plants have been installed. The first one is up and running in Thomastown, Melbourne.

Notably, Australia is expanding its horizons for solar energy.

GlobalData says that Australia will hit the solar capacity to 80GW by 2030. The report also says that solar installation will increase by a factor of four to reach the target of 80GW. GlobalData analyst Aditya Sharma has said that Australia is planning to compensate for the decline in thermal and hydropower capacity with renewable power capacity growth. The growth rate of 18.4% of renewable energy in Australia is double the average global growth rate. 

Our future clearly depends on our ability to utilise solar and other renewable sources of energy. Expanding technologies, granting more subsidies, and encouraging the adoption of these sources will be imperative for a cleaner and greener future.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK