PV Futures (PP6.1)
PP6.1: PV Futures and Knowledge Sharing
This work package will resource the continuous review of PV technologies, markets and opportunities and deliver an over the horizon perspective on developments current and emerging PV technologies.
Research will include the development of models, insights and roadmaps of PV technology and cost trends, foresight and knowledge sharing to deliver impact and accelerate the transition to a low emissions future.
The aim is to position ACAP as the premier source of reliable information on forward looking aspects of PV technology, costs and opportunities over a 5–10-year time frame, to inform policy and to support data-driven decision making as Australia rapidly navigates the energy transition.
Solar PV and wind constitute 75% of global net generation capacity additions, and 99% in Australia because they are cheap. A highly effective route to rapid, low-cost and deep reduction in emissions is via electrification of energy services (transport, heating, industry) using electricity from solar PV and wind. This allows the elimination of 80% of Australia’s greenhouse emissions. This route uses mature technology from vast production runs that allows low energy costs.
Electricity production in Australia must triple to about 750 Terawatt-hours (TWh) per year to eliminate fossil fuels from the economy. About 450 Gigawatts of solar and wind will be required, of which 300-350 GW will be solar, with a value of hundreds of billions of dollars over the next 25 years. Globally, about 100 Terawatts of solar and wind is required to eliminate fossil fuels. Growth rates of 30% per annum in deployment of solar and wind are sufficient to deliver this outcome by 2040.
The best available skills within ACAP and in the global solar community will be utilised to provide an over-the-horizon view of the future PV industry. This includes technology trends for devices, modules and solar farms; likely future costs; likely future deployment scale; and implications for emissions, employment, logistics, bottlenecks, decommissioning, transmission and storage.
ACAP will seek to deliver quarterly updates covering technology trends. Each year, a synthesis report will be produced that provides an authoritative snapshot of PV and a view 5-10 years ahead.
We expect ACAP to be recognised as the premier source of reliable information on PV technology, costs, integration and market trends as they relate to the deployment of solar in Australia over a 5–10-year time frame.
The focus will be on developments as they relate to improving the competitiveness of solar PV technologies and increasing the supply of renewable energy from solar PV in Australia.
PV Futures reporting will be developed with reference to existing and emerging technology options including solar thermal and wind energy, storage technologies, developments in the hydrogen economy and low emissions metals.