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Solar Electricity Generation in Australia Industry Data and Analysis
As Australia looks to a cleaner future, solar power offers a bright alternative to emissions-intensive fossil fuels. Advances in solar photovoltaic (PV) technologies have made solar commercially viable, with China manufacturing most of the world's solar panels. In contrast to small-scale solar, which is covering more Australian homes than ever before, the utility-scale market remains relatively untapped. Buoyed by public sector support, private capital is now flooding into new solar projects and propelling capacity growth. Larger farms are being constructed to generate economies of scale and serve industrial firms. Amid vocal consumer and shareholder support for clean energy, businesses are adopting net-zero targets and locking in Power Purchase Agreements (PPAs) with solar generators, while also creating demand for Large-scale Generation Certificates (LGCs).
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What's included in this industry analysis
IBISWorld's research coverage on the Solar Electricity Generation industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
About this industry
What's this industry report about?
The Solar Electricity Generation industry in Australia operates under the ANZSIC industry code D2619b. Industry firms supply electricity to the wholesale market using large-scale photovoltaic generation systems or solar thermal systems. Photovoltaic systems with a generation capacity of less than five megawatts are excluded from the industry. This condition excludes rooftop solar installations and related feed-in tariffs from the industry. Related terms covered in the Solar Electricity Generation industry in Australia include megawatt (mw), megawatt hour (mwh), gigawatt (gw), gigawatt hour (gwh), renewable energy target (ret) and large-scale generation certificate (lgc).
What's included in this industry?
Products and services covered in Solar Electricity Generation industry in Australia include Electricity generation and Renewable energy certificates.
What companies are included in this industry?
Companies covered in the Solar Electricity Generation industry in Australia include FRV Australia, Neoen Australia and Wirsol Energy.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Solar Electricity Generation industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Solar Electricity Generation industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Solar Electricity Generation industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Solar Electricity Generation industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Solar Electricity Generation industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Solar Electricity Generation industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Solar Electricity Generation industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Solar Electricity Generation industry in Australia.
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Frequently Asked Questions
What is the market size of the Solar Electricity Generation industry in Australia in 2026?
The market size of the Solar Electricity Generation industry in Australia is $2.1bn in 2026.
How many businesses are there in the Solar Electricity Generation industry in Australia in 2025?
There are 134 businesses in the Solar Electricity Generation industry in Australia, which has grown at a CAGR of 15.6 % between 2020 and 2025.
How may import tariffs affect the Solar Electricity Generation industry in Australia?
The Solar Electricity Generation industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Solar Electricity Generation industry in Australia?
The Solar Electricity Generation industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Solar Electricity Generation industry in Australia grown or declined over the past 5 years?
The market size of the Solar Electricity Generation industry in Australia has been growing at a CAGR of 28.9 % between 2020 and 2025.
What is the forecast growth of the Solar Electricity Generation industry in Australia over the next 5 years?
Over the next five years, the Solar Electricity Generation industry in Australia is expected to grow.
What are the biggest companies in the Solar Electricity Generation industry in Australia?
The biggest companies operating in the Solar Electricity Generation industry in Australia are FRV Australia, Neoen Australia and Wirsol Energy
What does the Solar Electricity Generation industry in Australia include?
Solar electricity generation and Concentrated solar thermal electricity generation are part of the Solar Electricity Generation industry in Australia.
Which companies have the highest market share in the Solar Electricity Generation industry in Australia?
The company holding the most market share in the Solar Electricity Generation industry in Australia is FRV Australia.
How competitive is the Solar Electricity Generation industry in Australia?
The level of competition is low and increasing in the Solar Electricity Generation industry in Australia.
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