8 months ago
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ARENA aims to boost innovation in solar sector with Solar ScaleUp Challenge
This focus on collaboration in installation, operations, and maintenance.This focus on collaboration in installation, operations, and maintenance.
The Australian Renewable Energy Agency (ARENA) has launched its $100m Solar ScaleUp Challenge that invites stakeholders to help in accelerating innovation in large-scale solar and help drive down costs.
In a statement, ARENA said the programme calls for collaboration in the sector, particularly in installation, operations, and maintenance, helping ARENA to achieve its Ultra Low-Cost Solar (ULCS) vision.
“Ultra low-cost solar is critical for reducing electricity costs and decarbonising hard-to-abate sectors such as industry and transport. It is also a key factor in Australia becoming a renewable energy superpower, a vision which would see Australia playing a major role in supplying our key trading partners with low emissions products such as green iron and hydrogen,” ARENA CEO Darren Miller said.
The challenge is a collaboration with Greenhouse Tech, who has implemented similar programmes, including the NetZero Steel Challenge.
ARENA targets reducing the installed cost of a solar project to just 30 cents per watt and reach a levelised cost of electricity below $20 per megawatt hour by 2030. This could help unlock a total installed capacity of 1 terawatt by 2050.
Aside from this, ARENA is also administering the $1bSolar Sunshot Programme. This aims to grow Australia’s domestic solar PV manufacturing capabilities and commercialising local solar PV innovation.