Australia’s ultra low cost solar goal could chan

Australia’s ultra low cost solar goal could change everything about the grid

https://reneweconomy.com.au/australias-ultra-...e_vignette

“This goal is a stretch, but not far fetched. Imagine what difference achieving this would make to our economy and planet!”

So what is the ultra low cost solar target? When announced last year, it was to see a “step change” from the prevailing levels of 22 per cent solar module efficiency and over $1 per Watt installed cost levels.

The “30-30-30” target aims to achieve 30 per cent solar module efficiency and an installed cost of 30 cents per watt by 2030, which would slash the cost of solar to below $20 a megawatt hour, just one third of the 2023 costs.

If that happens, it will be a key factor in Australia establishing itself as a renewable energy superpower, both in terms of direct exports via cable, or via hydrogen or green ammonia, or other green industries such as green iron and green steel. And, of course, it will also completely change the economics of the Australian grid and for local consumers.

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