Australia’s main grids are on track to get three-quarters of their electricity from renewables by 2030.

A new report shows that the uptake of renewables is so high that even a 50 per cent by 2030 renewables target would involve a significant contraction in activity and employment in the industry.

The Federal Government’s 26 to 28 per cent 2030 target would require a collapse of the market.

Clean power analysts at Green Energy Markets says October saw another record broken as Australian homes and businesses installed more than 150 megawatts of solar on rooftops for the first time.

This is 76 per cent greater than the monthly average for last year - which itself was a record year for installations.

The total amount of rooftop solar installed so far this year has already passed last year’s total and now stands at 1,243 megawatts.

This exceeds the Liddell coal power station’s average capacity over last summer’s peak period.

By the end of the year it is likely the total capacity installed in 2018 will exceed the peak capacity of the recently closed.

The full report is accessible in PDF form, here.