Tuesday, 24 May 2011

Rebate policy change undermines confidence in solar industry

From California to Germany to China, the solar industry is booming. Last year alone, more than 18,200 MW of solar power was installed worldwide. Over the past decade the efficiency of solar panels has increased, while production costs have fallen, and hundreds of thousands of jobs have been created in one of the key industries for the future.

Lagging behind in this development, however, is the country with the best solar resources in the world: Australia. In 2009 and 2010, the solar market finally took off here, too, encouraging a number of multinational solar companies to open offices in Australia and to invest in this market.

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