PESTEL Table

Factors affected within Significance

External factors Importance to Industry
my industry (1-10)

Government policy -
Lower cost for investing Increased investors and
Renewable Energy
in renewable solar new companies in the 9
Target(RET) Parliament
electricity energy industy
of Australia (2021)
POLITICAL
Government policy - Cheaper set price for Increased demand from
State based feed-in consumers using consumers for
9
tariff (FiT) Parliament of renewable solar renewable solar
Australia (2021) electricity energy electricity energy

Economic growth - with Companies are

government policies experiencing increased Increased investors
impelmented the revenue from results in increased 8
country reneue has renewable solar competitiveness
increased electricity energy

ECONOMIC
Economic growth - with
Increased demand from
government policies
consumers result in
impelmented
Reduced Cost of living increase rapid growth 7
consumers benefit from and development of the
reduced cost of industry
electricity bill

Consumers are more

conscience of their Increase demand for Increase in job creation 7
environmental solar electricity energy within the industry
responsibilities

SOCIAL
Increased demand from
Consumers are investing consumers result in a
Change in consumer
more into solar decrease in carbon 8
buying habits
electricity energy emmissions resulting in
a cleaner environment

New technologies being Ensuring adequate

Innovation developed for storage of 9
solar electricity energy storage for later use

TECHNOLOGY
 TECHNOLOGY
Companies achieve Plants can be operated
Robotics greater efficency with autonomously at a 9
Robot operated solar cheaper cost to the
farms and power plants companies

This is mandatory for a

Workers Compensation businesses and must
Employment law 5
Insurance policy adhered to be in
operation
LEGAL
Work Health and Safety
(WHS) also called
Health and safety Ensuring workers safety
Occupational Health 5
regulations and Safety (OH & S) and well being
policy

Grants available to Increase investors

Sustainable solar companies for the resulting in more
resources purchase of sustainable competitiveness in the 8
solar resources market

ENVIRONMENTAL A decrease in carbon

Ensuring emmissions resulting in
CSR (Corporate social Decarbonisation in the a cleaner environment
future results in a bring the industry closer 8
responsibility)
greater demand from to its overall target
consumers percentage of reducing
carbon emmissions
Probability of Weighted
Occurrence (%) Score

0.9 8.1

0.9

0.8 5.65

0.7

0.7 5.65

0.8

0.9 8.1
0.9

0.5 2.5

0.5

0.8 6.4

0.8