Australia has more than 30 gigawatts of solar power, with a target of 40GW by 2025, with the latest projections of more than a quarter of that coming from battery storage, according to the Australian Renewable Energy Agency.
A report released in September found that Australia had about 25 gigawatts (GW) of installed capacity of storage.
It is expected that the country will be able to add another 10GW of capacity in the next five years.
But that is only a fraction of what is needed.
The report also noted that Australia could be the second largest solar market in the world with the likes of France having a similar amount of installed solar capacity.
But there is much more to be done.
“Australia has a lot of opportunities to be able use some of the technology and some of it is actually being developed in Australia and Australia has got some great solar energy technology that is really exciting,” Professor Anthony Hynes, chief executive of the Australian Solar Energy Council, told the ABC.
“We have got some good storage facilities, a really great battery storage and some really good solar projects being built and we are building on that.”
He said Australia was also a key market for other technologies, including the deployment of solar thermal systems and the development of new technology that could be used in remote areas.
But the challenges of the industry are not just confined to Australia, the report also highlighted the challenges that are facing the industry in China, India, Japan and other countries, including Brazil and Indonesia.
A key issue in Australia’s energy transition is how to make electricity locally, Professor Hynes said.
“A lot of the technologies we are looking at are really just ideas, ideas that we can build and they can be used anywhere in the country.”
The report noted that the Australian Energy Market Operator (AEMO) is working with the Government and industry to “develop a roadmap to achieve the Australian goal of 100 per cent local power”.
But Professor Huesons report said the “challenge” is that there are not enough local energy sources.
“The current system is that the national energy market is set up to provide for about 75 per cent of electricity needs across the country,” he said.
“But when we get into the 2020s there will be a lot more demand for energy because of climate change and that will drive up the cost of energy.”
The problem is that we don’t have a lot else to do to achieve that goal.
“What we are doing now is looking at technologies that are being developed that are actually very, very cheap and can be deployed in remote communities.” “
In the 2020 to 2050 period we need to have a new generation of energy to meet that demand,” he told the news program.
“What we are doing now is looking at technologies that are being developed that are actually very, very cheap and can be deployed in remote communities.”
The Australian Energy Markets Association said the report showed the industry was “working together to make the transition to a low carbon economy”.
“The report demonstrates that the Government’s new Climate Leadership Strategy is focused on ensuring that all Australians are fully empowered to manage their energy and that energy supply is linked to the needs of communities and businesses,” the association’s CEO Tim Dickson said in a statement.
“This report is an important step forward in our efforts to support a low-carbon energy future and ensure the continued viability of our energy market.”
The Government has announced it will invest $1.4 billion in renewable energy in 2020.
The Government also announced a $1 billion project to upgrade the network of power plants to support renewable energy.