ARENA has compiled a summary of key data from the expression of interest (EOI) stage of its large-scale solar photovoltaic (PV) competitive round.
This data, sourced from 75 large-scale solar projects, is expected to provide valuable information to stakeholders on the latest trends in costs, generation yields and financing.
The data shows that:
- the cost reductions ARENA anticipated for large-scale solar appear achievable
- capital costs for large-scale solar have reduced significantly over the past two years despite a fall in the value of the Australia dollar
- capacity factors for large-scale solar plants are increasing through the use of single axis tracking and moving to higher DC:AC ratios.