The Australian Renewable Energy Agency has announced a $20 million funding round to drive more research and development into solar PV to help achieve even greater cost savings and ensure that it can provide more than 30 per cent of Australia’s electricity needs within 15 years.
The funding round will be open for applications from tomorrow (Wednesday, May 24) for one month, and follows the release earlier this month of ARENA’s new investment priorities – which include solar PV research, storage, and renewable energy exports.
ARENA has indicated it will no longer provide funding for large scale solar PV, given the success of its recent $100 million round that helped fund 490MW of projects and helped spark an investment book that has seen another 2000MW of large scale solar begin construction of near financial close.
But CEO Ivor Frischknecht says that despite the recent big falls in the cost of solar, further research was warranted to make the technology even more efficient and affordable.
“This dedicated research and development funding for solar PV is part of our commitment to finding and supporting further breakthroughs in solar PV,” he said in a statement.
New South Wales has reached two remarkable renewable energy milestones that signal the growing contribution…
As 2025 begins, Victoria is already making its mark on the energy landscape with a…
Co-locating renewable generation, load and storage offers substantial benefits, particularly for manufacturing facilities and data…
Australia’s economic future would be at risk if we stop wind and solar to build…
Transmission remains the fundamental building block to decarbonising the grid. But the LNP is making…
Snowy blames bad weather for yet more delays to controversial Hunter gas project, now expected…