Australia should develop solar PV sector to avoid dependence on China, report finds
(The Guardian, 1 Feb 2024) New study says manufacturing solar photovoltaic panels domestically would help achieve emission goals and create jobs as global demand grows.
Australia should develop its own solar photovoltaic (PV) manufacturing sector to avoid over-reliance on China for supply and tap into an industry with great potential, a report backed by the Australian Renewable EnergyAgency (Arena) has found.
The decades-long expansion of the industry in China had driven the cost of solar panels down by more than two-thirds since 2016 alone. Chinese companies now dominate the global market and supply more than 90% of solar modules sold in Australia.
“Setting up viable, relevant and timely solar PV manufacturing in Australia can build resilience to future supply chain shocks, secure access to solar PV modules critical to meet Australia’s decarbonisation targets, and ensure implementation of more sustainable manufacturing practices,” the Silicon to Solar study said.