Promising potential of ultra low-cost solar of ARENA 

The Australian Renewable Energy Agency (ARENA) has today united a portion of Australia’s big shots in the solar space to send off its white paper on the incredible capability of ultra-minimal expense solar (ULCS) for Australia and the world. 

While solar-based PV is as of now sufficient for domestic use, a stage change in productivity and cost is important for it to be the answer for future access to energy for industry. 

Field sees ultra minimal expense solar based as a vital factor in Australia turning into a sustainable energy superpower. While the as-of-now accessible solar-based PV innovation is adequate for homegrown energy use, ultra-minimal expense solar will be expected to fundamentally decrease the expense of renewable power for heavy modern cycles, including enabling the production of green hydrogen underneath $2 per kilogram. 

ARENA CEO Darren Miller said, “Achieving this vision won’t be easy, but Australia has a comparative advantage due to our huge land mass, strong solar resources and abundance of minerals that can be used to make green products.” 

“Innovation is key to reducing the cost of solar. Groundbreaking research has been taking place in Australia’s labs since the 1980s, and we have homegrown startups such as 5B and SunDrive doing exciting things in novel deployment methods and materials science.”

“Now Australia needs to step up support, so we can see even further cost reductions through increased module efficiencies, cheaper material costs and innovative ways to deploy and maintain solar out in the field.” 

Until this point in time, ARENA has committed more than $800 million to subsidise solar-powered PV projects. 

“We need a united front to tackle this task. We’re calling on Australia’s governments, market bodies, developers, investors and innovators across the entire supply chain to commit to these goals. I truly believe that Australia’s solar potential is huge and that we’re well positioned to become a renewable energy superpower,” said Miller.