The Australian Renewable Energy Agency (ARENA) welcomes a significant boost of $1 billion to foster domestic solar photovoltaic (PV) manufacturing. The initiative, known as the Solar Sunshot program, aims to enhance Australia’s solar PV manufacturing capabilities throughout the supply chain.
ARENA’s Role in Solar Industry Growth
ARENA has played a pivotal role in advancing Australia’s solar PV industry by supporting research, innovation, and large-scale deployment. This investment has facilitated the emergence of solar energy as the most cost-effective energy source in the country.
Solar Sunshot Program Objectives
The Solar Sunshot program, to be administered by ARENA in collaboration with the Department of Climate Change, Energy, the Environment, and Water, seeks to bolster various aspects of the solar PV supply chain. This includes scaling up module manufacturing capabilities and exploring opportunities for grant funding across the supply chain.
Transformative Potential of Solar PV Manufacturing
The Solar Sunshot program holds the promise of establishing a robust domestic solar PV manufacturing industry in Australia. By leveraging the nation’s solar PV expertise and fostering partnerships, Australia aims to become a significant player in the global solar market.
ARENA’s Vision for Ultra Low-Cost Solar
ARENA’s vision for ultra low-cost solar, outlined in its white paper, envisions achieving 30 per cent solar module efficiency and an installed cost of 30 cents per watt by 2030. This ambitious goal underscores the transformative potential of solar energy for Australia and beyond.
The Solar Sunshot program represents a strategic investment in Australia’s renewable energy future, driving economic growth, job creation, and global competitiveness in the solar energy market.
Source：miragenews.com
