Are grid-scale solar farms a key role in New Zealand's economy?

Speak with one of our experts. Utility or grid-scale solar farms are set to play a key role in the electrification of New Zealand’s economy. Although few farms are currently operating, grid-scale solar accounts for approximately half of the new generation interest in Transpower’s pipeline and makes up the largest share of advanced projects.

Is New Zealand ready for grid-scale solar?

In May 2020, the Ministry of Business, Innovation and Employment released a study that considered the economics of grid-scale solar and gave forecasts to 2060, showing that New Zealand has potential for gigawatts of grid-scale solar.

Does New Zealand have solar power?

Solar power in New Zealand is increasing in capacity, despite no government subsidies or interventions being available. As of the end of April 2024, New Zealand has 420 MW of grid-connected photovoltaic (PV) solar power installed, of which 146 MW (35%) was installed in the last 12 months.

How much does a photovoltaic system cost in New Zealand?

Although there are no subsidies, the declining costs of photovoltaics has caused a large increase in demand over the last few years. In 2009, the average turnkey price for a standard PV system of three kilowatts (kW) was about NZ$40,000; by 2019 this had dropped to approx. NZ$8,500.

What is New Zealand photovoltaic uptake?

New Zealand photovoltaic (PV) uptake including all capacities: cumulative capacity 2009-2015 (Sources: Data since August 2013 is obtained from . Data prior to this is obtained from and ). flows into the LV network when the power produced by DG systems is greater than what can be consumed locally.

What is a grid connected solar power system?

Among the various solar power system options, the grid-connected solar power system emerges as both economical and uncomplicated. Also called a grid-tied solar system, this setup empowers you to generate electricity using solar panels and effortlessly channel any surplus energy back into the grid.