Australia is surging ahead on photovoltaic installations and is projected to hit a whopping 10,000 MW of solar power capacity in a few years. A new report by market analysts Sunwiz and Solar Business Services forecasts that the Australian photovoltaic market, which is currently at 2.5 GW, will likely grow to between 6 GW and 10 GW by as early as 2017. The report suggests that the owner-occupied, single-family residential market will soon be saturated with photovoltaic installations, so the solar industry will have to target more challenging sectors like the multi-family residential and commercial sectors.
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