Australia Solar Power Market to Reach 91.74 GW by 2030, Driven by Rising Utility-Scale Projects and Strong Solar PV Adoption

Mordor Intelligence has published a new report on the Australia Solar Power Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

Introduction

The Australia Solar Power Market size in terms of installed capacity is expected to grow from 47.50 gigawatt in 2025 to 91.74 gigawatt by 2030, at a CAGR of 14.07%. The sector stood at 41.64 GW in 2025 and is expanding through the strategic deployment of both small- and large-scale solar systems.

This steady growth is supported by a combination of factors, including favorable government programs for small-scale installations, strong solar irradiance in states such as Queensland, New South Wales, and Western Australia, and an active pipeline of utility-scale projects. These elements are reinforcing solar power's central role in Australia's transition to cleaner energy.

Report Overview: https://www.mordorintelligence.com/industry-reports/australia-solar-power-market-industry?utm_source=openpr

Key Trends

Solar PV Leads the Way

Photovoltaic (PV) technology continues to dominate Australia's solar power market, maintaining the largest share of both installed capacity and new developments. Its scalability, declining costs, and ease of integration across residential, commercial, and utility applications make PV the preferred choice over alternatives such as concentrated solar power (CSP), which holds a significantly smaller share. The widespread adoption of PV systems is expected to continue throughout the forecast period, underpinning the overall growth of the market.

High Solar Irradiance Regions Drive Deployment

States like Queensland, New South Wales, and Western Australia are among the most attractive regions for solar development, thanks to high solar irradiance levels. These areas offer optimal environmental conditions for solar generation, which in turn lowers the levelized cost of electricity (LCOE) for solar projects. Combined with the availability of land and existing infrastructure for grid connection, these states are expected to remain hotspots for future solar investments.

Expansion via Large-Scale Installations

One of the key growth drivers of the Australian solar market is the steady rise in utility-scale solar farms. These large-scale installations contribute significantly to the country's renewable energy targets and are often backed by state and federal support schemes. They also attract both domestic and international investors due to their long-term revenue potential and ability to supply power at a competitive cost. The presence of an active pipeline of projects suggests strong momentum in this segment through 2029.

Supportive Government Policies and Programs

Government incentives, especially those supporting small-scale rooftop solar systems and grid-connected projects, continue to play a major role in market expansion. Rebates, feed-in tariffs, and supportive regulations have helped boost consumer and commercial adoption. Additionally, long-term policy clarity has encouraged investment in both distributed and utility-scale solar systems, fostering consistent growth across sectors.

Market Segmentation

The Australia solar power market is divided by type and deployment mode:

By Technology Type

Solar PV (Photovoltaic): Dominant in both residential and utility segments; the key growth engine.

Concentrated Solar Power (CSP): Outlined in the report, but minimal in scale compared to PV.

By Deployment Mode

Utility-Scale: Large ground-mounted solar farms are responsible for the bulk of the capacity increase.

Non-Utility / Distributed: Rooftop and smaller-scale systems used in homes and businesses, supported by government incentives.

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Key Players

AGL Energy Limited

Infigen Energy Ltd

Neoen SA

First Solar Inc.

SunPower Corporation

Tindo Solar Pty Ltd

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Conclusion

Australia's solar power market is firmly positioned for sustained growth, driven by increasing demand for clean energy and broad support from both the public and private sectors. The market benefits from an ideal combination of natural solar resources, supportive government initiatives, and growing investor confidence.

Photovoltaic technology continues to lead development efforts, with a strong pipeline of projects across both rooftop and utility-scale segments. Regions with high solar irradiance remain central to expansion, while government-backed programs encourage adoption at the residential and commercial levels.

With a competitive field of active market participants and clear policy direction, the country is steadily advancing toward greater solar integration in its overall energy mix. As the sector matures, it is expected to play a key role in achieving national renewable energy targets and reducing dependence on fossil fuels.

For more market analysis, visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/australia-solar-power-market-industry?utm_source=openpr

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