By Jake Roos, 21 October 2022
Solar photovoltaic panels have become a mass-market product whose deployment is now being driven by market forces instead of government subsidies. Aotearoa NZ never had subsidies for solar PV – we are reaping the benefits of those set in other countries, some decades ago, that led to development of the industry and the subsequent plunge in costs.
In 2021, the world installed 168GW of solar generating capacity. By contrast, the entire electricity generating capacity of NZ is 9.7GW.
Despite the pandemic, global solar capacity doubled in 3 years from 2018, bringing the world’s solar fleet to 1,000 gigawatts (GW) in April 2022.
[Read more…] about Solar PV on the Kāpiti Coast