The Australian solar panel industry is expected to see growth in 2024, driven by government support, technological advancements, and increased installations. Here are some recent developments in the Australian solar panel industry:

Grid-scale solar
In the second quarter of 2024, grid-scale solar generated an average of over 1.4 gigawatts, which is a 132 megawatt increase from the previous year. This increase was largely due to new capacity, especially from new facilities in New South Wales.

Solar panel installation market size
The solar panel installation market in Australia is expected to be worth $2.8 billion in 2024.

Solar power market size
The Australian solar power market is expected to reach 41.64 gigawatts in 2024, and grow to 80.41 gigawatts by 2029.

Government support
The government is providing money to people who install solar panels, which helps to lower the initial cost and encourage more people to use solar energy.

Solar manufacturing
The government is betting that Australia can develop a solar manufacturing industry by leading the way in technological advances.

Queensland
Queensland is expected to triple its rooftop solar PV capacity as it develops local renewable energy zones.

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