8 October 2013 — The Sustainable Electricity Association of New Zealand has revealed the country has experienced 370 per cent growth in solar capacity over the past two years, with off- and on-grid capacity surpassing 8231 kilowatts.
The solar energy sector is worth about $40 million, with revenue growing at a rate of 100 per cent.
Brendan Winitana, chairman of SEANZ told New Zealand website Celias that the solar energy sector was growing rapidly.
“Revenue is growing at a rate of 100 per cent, and exports are currently 25 per cent of total revenues. We are seeing strong enquiry from consumers, and have attracted more installers to the sector. SEANZ membership has grown by more than 50 per cent in the past six months, reflecting the increased installation capacity nationwide.
“The industry is poised for growth. Two key factors are driving it. The first is price. It has never been cheaper to install solar systems and harvest the energy of the sun. The equivalent of 50 solar installations are taking place each month.
“Secondly, it is encouraging to see companies like Vector helping to promote the uptake of distributed generation solar technology with attractive packages that require little up-front cost from the customer, and completely remove the technology risk.”
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