Australia may set off a large-scale solar building boom in the coming year

With a range of international market factors and local policy incentives, Australia will see the largest large-scale solar building boom ever recorded in the coming year
.

International market factors, including the continued decline in solar manufacturing costs and the expectation of manufacturing overcapacity in the coming years, will force manufacturers to cut profits and further drive down prices
.

Local factors include the continued rise in the price of large-scale renewable energy certificates in Australia, the upcoming opening of a large solar tender for ARENA, and growing investor interest
in solar energy.

At present, some of the world's top solar manufacturers believe that the market will face a new round of oversupply
next year due to the completion of capacity expansion by JinkoSolar, Trina Solar and Canadian Solar.
Large companies will not only reduce manufacturing costs, but may also reduce profits to protect their market share
.

The results of the ARENA tender, which will be announced next week, are expected to catalyze more than $1 billion in investment
.
About half of the 20 shortlisted projects were eligible for financing
.
Some projects will also receive additional funding
from the Queensland and New South Wales governments.
This alone could inspire the development
of about 400 megawatts of large-scale solar projects.