Australia: Rooftop solar energy will meet 77% of electricity demand by 2026

    The Australian Energy Market Operator (AEMO) stated in its annual reliability outlook report on Tuesday that by 2026, the Australian National Electricity Market (NEM) rooftop Off Grid Solar Systems Kits solar energy may meet 77% of the potential demand, exceeding the 35% set in October last year. Record. By 2025, Australian households will install 8.9 billion watts of solar panels on top of the current 14 billion watts.

    According to BloombergNEF data, 30% of Australia’s homes are installed with solar energy, which is the world’s most fragmented energy market. This makes it a case of how grids around the world transition from traditional power generation to new energy power generation. AEMO said that this measure may have a greater impact on the local area. South Australia may become the world's first major power grid to meet 100% of its needs through household solar energy by the end of November.

    AEMO said: "NEM is leading the growth of global distributed photovoltaics. Although these developments challenge the limitations of the current power system, they also provide opportunities for pioneering market frameworks, provide new benefits for consumers, and demonstrate The operation of the world’s first photovoltaic power system.”

    AEMO said that coupled with the launch of coal-fired power plants and the growth momentum of hydrogen development, household solar energy is accelerating the transformation of new energy models; AEMO added that no reliability gap is expected in the next five years. NEM does not include Western Australia and Northern Australia, nor Tasmania.

    AEMO CEO Daniel Westerman said in a statement: "Australia's energy system is transitioning to a decarbonized and decentralized power system. By 2025, there will be a period of time when renewable energy generation can meet the needs of all customers."