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Press Release - Solar Shop CEO calls for unified FIT

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8/6/2019 Press Release - Solar Shop CEO calls for unified FIT

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MEDIARELEASE

Thursday,5May2011

Nationallyconsistentfeed-intariffthewayforwardforsolar

Thecountrysleadingsupplierofsolarpowersystems,SolarShopAustralia,hasrepeatedcallsforaunifiedsolarfeed-inschemetohelpmeetthenationsrenewableenergytargets

andfosterasustainablesolarindustry.

SpeakingattheCleanEnergyConferenceinMelbourneyesterday(Wednesday4May)-

SolarShopAustraliaChiefExecutiveOfficer,TonyThornton,saiditwastimeAustralia

embracedasolarfeed-inschemethatrewardedallgeneratorsofelectricityequallyand

continuedtobuildthesolarindustrytobeindependentlycostcompetitivewithcoalby

2015.

TheinternationalracetoinstallrenewableenergyisstillbeingrunanditisnottoolateforAustraliatodevelopanindustrythatcancreatejobs,fosterresearchandleadtechnical

advancementratherthanlosingvaluableintellectualcapitaltoplaceslikeChina,Mr.

Thorntonsaid.

Centraltoachievingthisisacoordinatedandsustainablefeed-intariffthatpaysany

generatorofsolarelectricityafixedamount.Thebenefitsofsuchaschemehavealready

beensuccessfullyimplementedoverseas.

MrThorntonpointedtoGermany,whichadoptedacomprehensivefeed-intariffthatnot

onlysparkedwidescale,sustainabledeploymentofsmallandlarge-scalesolarsystemsacrossthecountry,buthasalsobuiltanindustrythattodaycontributestoamassive60per

centofGDPexport.

TheaveragesizeofahouseholdsolarsysteminAustraliais2.1kWcomparedtothe

GermanaverageofmorethandoublethatandthisisdespiteAustraliahavingthethird

highestpercapitaelectricityusageofanycountryonearth,Mr.Thorntonsaid.

ThisisduetothecurrentdesignofAustraliasvaryingincentiveschemes.Aunifiedfeed-in

tariffwouldencouragehouseholdstopurchaselargersystemsthatmeetalloftheir

electricityrequirementsandnotjustearnthemarebate

Onalargerscale,commercialandutilityscalesolarprogramsaresadlyalmostnon-existent

inAustraliaand,overthecomingyears,seriousreductionsinbrownelectricitywillrequire

infrastructurescalerenewableprojectstoberolledoutandfundedfromacombinationof

debtandequity.

Alongtermsustainablepolicythatincludesaunifiedfeed-inschemewillreduceriskand

promotemediumtolongtermthinkingthatisrequiredtoencourageinvestmentin

technologiessuchassolar,andgaintheattentionandtractionofbankingandfinance

sectors.
8/6/2019 Press Release - Solar Shop CEO calls for unified FIT

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