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ARTICLE · 12 JUNE 2016

Solar PV+ Insight from Simon Currie

Norton Rose Fulbright Australia
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Over the last 10 years, the industry has gone from a cottage industry to a major disrupter to traditional energy sources.

AustraliaEnergy and Natural Resources
Simon Currie
Simon Currie
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Introduction

We are standing at the dawn of a new era. Over the last 10 years, the solar PV industry has defied the sceptics and has gone from being a cottage industry to a major disrupter to all traditional energy sources.

Large scale solar PV is now competitive in many different scenarios and markets. The latest pricing signals from the Dubai 800MW tender are stunning - US$0.0299c/kwh was the lowest bid. It was only two (2) years ago when a bid under US$0.10c/kwh was seen as unsustainably low and the market believed there must be hidden subsidies for the equity or debt.

At these levels solar PV isn't just competitive against the very best wind projects but, in many markets, it can now compete against existing coal-fired generation and that is without imposing carbon taxes or caps on emission levels.

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