Australia's utility-scale solar sector must halve generation costs to around AU$25-30/MWh (US$18-22/MWh) to unlock a pipeline of projects capable of delivering the 10GW of annual capacity additions needed for decarbonisation, according to the Australian Renewable Energy Agency (ARENA).
New system-level modelling from the Australian Centre for Advanced Photovoltaics (ACAP) has revealed that achieving ultra-low-cost solar targets could create a 2,000GW-scale solar PV market in Australia.
The Australian Renewable Energy Agency (ARENA) has announced that three companies will receive AU$45.5 million (US$29.5 million) in funding through the Solar Sunshot Program.
