Solar installations in New Zealand increase by 370% in two years

first_imgSolar installations in New Zealand increase by 370% in two yearsThe PV boom has created a solar sector worth NZ$40 million, with revenue growing at a rate of 100% and installed capacity reaching 8.2 MW. November 6, 2013 Ian Clover Finance Manufacturing Markets Markets & Policy Share Research by the Sustainable Electricity Association of New Zealand (SEANZ) has revealed that solar installations in the country have increased by 370% over the past two years, bringing the industry’s worth to approximately NZ$40 million (US$33.6 million). Current installed PV capacity now stands at 8.2 MW across the country. “Revenue is growing at a rate of 100%, and exports are currently 25% of total revenue,” said SEANZ chairman, Brendan Winitana. “We are seeing strong enquiry from consumers, and have attracted more installers to the sector.” SEANZ believe that the two key drivers behind PV growth in New Zealand are cost and control: New Zealand homeowners and businesses are increasingly eager to take advantage of the ever-cheaper installation prices, and to wrest control away from the utility companies. “It has never been cheaper to install solar systems and harvest the energy of the sun,” added Winitana. “The equivalent of 50 solar installations are taking place [in New Zealand] each month, and SEANZ’s bi-annual survey shows that the majority (77%) of solar generating capacity is on-grid, enabling the home or business owner to sell any surply energy back to the grid.” Improved storage technology will take New Zealand’s solar revolution to the next level, believes Winitana, prompting greater numbers to install rooftop solar and a battery back-up in order to increase self-consumption and storage of clean energy. “Battery innovation will make a tremendous difference to overall load on the grid,” predicts Winitana. “It will reduce consumers’ cost of electricity as they access stored energy that their home systems have generated, and will also further support the uptake of electric vehicles.”Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… 123456Share Ian Clover Ian joined the pv magazine team in 2013 and specializes in power electronics (inverters) and battery storage. Ian also reports on the UK solar market, having worked as a print and web journalist in Britain for various multimedia companies, covering topics ranging from renewable energy and sustainability to real estate, sport and film.More articles from Ian Clover [email protected] Related content US start-up secures distribution agreement for nickel-hydrogen battery technology Emiliano Bellini 20 April 2021 pv-magazine.com EnerVenue signed its first major distribution agreement with Hong Kong’s Towngas. The deal will pilot the company’s nick… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved imp… The weekend read: China’s push for decarbonization Andreas Walstad 24 April 2021 pv-magazine.com The carbon market is finally a reality in China. 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