![](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/-1x-1.png\"\/)
\u00a0\u00a0<\/p>\n(Bloomberg) — Australia\u2019s booming utility-scale solar industry may have already peaked, risking the country\u2019s lofty climate goals.<\/p>\n
Just 1.4 gigawatts of utility-scale solar will be commissioned in 2025 \u2014 down 28% from last year and around 40% below the 2023 peak, according to new BloombergNEF analysis.\u00a0<\/p>\n
Australia needs to accelerate its energy transition or risk missing a 2030 goal to double renewables as it phases out aging coal plants.<\/p>\n
Installations are projected to average 1.5 gigawatts annually over the next five years, before sliding to about 736 megawatts between 2031 and 2035, BNEF found.<\/p>\n
\u00a0\u00a0<\/p>\n
\u201cAustralia\u2019s utility-scale solar industry is facing strong headwinds and is gradually becoming a victim of its own success,\u201d said BNEF analyst Tushna Mehta, who wrote the report.<\/p>\n
Australia\u2019s grid has struggled to keep pace with the energy transition, with slow approvals and local opposition holding up new projects, Mehta said.\u00a0<\/p>\n
At the same time, the boom in renewables \u2014 especially rooftop solar \u2014 is intensifying world-leading market volatility, frequently pushing prices to zero or below and making projects less profitable, she said.<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"(Bloomberg) — Australia\u2019s booming utility-scale solar industry may have already peaked, risking the country\u2019s lofty climate goals. 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