Queensland is a special case due to local overbuilding of coal power plants and bad policy decisions. This is an example of how the rapid growth of solar energy is catching governments off guard. More than a million Australians have already installed rooftop panels, causing demand for electricity supplied by traditional utilities to plunge. According to analysis from UBS, demand for electricity in Australia has dropped by 13% over the past four years. 75% of Australia’s residential buildings and up to 90% of commercial buildings may be equipped by rooftop solar panels within 10 years.
Posted on: Fri, 11 Jul 2014 12:07:15 +0000
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