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The Australian Renewable Energy Agency (ARENA), an Australia-based renewable energy agency, has announced new funding for solar research and development. ARENA will provide up to AUD 105.6 million (~$74.98 million) for 20 projects focused on advancing ultra low-cost solar. This represents the agency’s largest single investment in PV research and development to date. The selected projects are divided between research on cells and modules and work covering BOS, O&M. Across the two categories, each covering three focus areas, the program will address cell and module efficiency, cost and stability, alongside deployment costs, O&M expenses and solar yield. ARENA initially allocated AUD 60 million (~$42.60 million) before increasing the total funding pool to AUD 105.6 million (~$74.98 million). The program supports ARENA’s ambition to reduce installed solar costs to 30 cents per watt by 2030.
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