Australia is the sunniest continent on the planet which is one of the reasons it has emerged as a solar powerhouse, and by far the world's largest solar farms are being built across the country. Since 2015-2019 Australia has taken a great stride in switching towards solar energy generation, driven by a combination of factors such as government stimulus, elevated energy prices, and declining cost of solar technology installation. Around 22% of the country's total electricity was generated through renewable sources last year out of which 8% was generated by solar power and the figure is on the rising trend.
More than a quarter of all Australian households are having rooftop solar panels. In addition to this, hospitals, large shopping centers, parks, and commercial buildings are also significantly dependent upon rooftop solar units. Medium-scale solar power has reflected a sharp surge, which is more than 700 percent since 2015. Apart from rooftop panels, large scale solar farms are also springing around the country with an ambition to build the world largest solar farm in Central Australia. According to the latest report by the International Renewable Agency, ranked Australia as one of the most benefitted countries in the world through solar power.
South Australia is already fulfilling half of its electricity needs through renewable sources and recently three new solar plants are set to be installed to reach the target of being a hundred percent renewable by 2030. Australia is leading the world in the development of cheaper, more resilient, and efficient solar technology. Investors and business community are mutually bringing meaningful change to overcome the climate problems. Overall increase in renewable energy through solar and wind power is increasing at a per capita rate which is ten times faster in Australia as compared to the world's average and playing an imperative role in the achievement of climate neutrality targets.