December 13 (Renewables Now) - The Australian Renewable Energy Agency (ARENA) has provided AUD 29.2 million (USD 22.1m/EUR 18.8m) in financing to 20 projects focusing on research and development (R&D) in the solar sector.
The funding has been awarded to researchers from the University of New South Wales, Australian National University, Monash University and the Commonwealth Scientific and Industrial Research Organisation (CSIRO), ARENA said on Wednesday. It will support early-stage research activities aiming to lower the cost of photovoltaic (PV) cells and improve their efficiency.
Most of the 20 projects that will benefit from the financing will focus on silicon technologies, while some of them will involve making PV cells from other materials, including organic photovoltaics and perovskites. The total value of the projects is estimated at about AUD 102 million.
“This research will improve the technological and commercial readiness of new innovation in solar PV cells and modules, enhance Australia’s position as world-leaders in solar PV R&D and address Australian-specific conditions,” ARENA’s CEO Ivor Frischknecht said.
(AUD 1.0 = USD 0.756/EUR 0.644)