Australian Renewable Energy Agency Awards $30 Million For Cheaper Solar Gains

• The University of New South Wales Sydney have actually been awarded $30 million under ARENA R&D Program to sustain R&D and commercialisation activities to significantly reduce the cost of solar.
• The scientists are going to receive $30 million for 9 projects across the cells and also modules stream, and the Balance of System, Operations as well as Maintenance stream.

The researchers of University of New South Wales (UNSW) Sydney have been awarded about $30 million under the Australian Renewable Energy Agency (ARENA) R & D (R&D) Program to sustain r & d (R&D) and commercialisation activities to significantly reduce the expense of solar. The funds are a share of $41.5 million award by ARENA.

As per the official declaration of UNSW, the scientists at the School of Photovoltaic and also Renewable Energy Engineering (SPREE) at UNSW Engineering are going to obtain $30 million for 9 projects throughout the cells as well as modules stream, as well as the Balance of System, Operations and also Maintenance stream.

UNSW claimed that both streams have potential to reduce the levelised expense of solar PV and improve cell as well as module efficiency.

Professor Nicholas Fisk, Deputy VC, Research & Enterprise, UNSW, praised the scientists for securing more ARENA R&D financing than any other university in Australia.

Prof. Fisk stated, "The PERC solar cell, which today powers practically 75 percent of all solar panels worldwide, was invented by Professor Martin Green and his group. Professor Green has actually today secured further funding to continue his excellent research to improve the performance and also lower the cost of commercial solar cells."

He added that these awards will even more allow the researchers of UNSW to aid solve the world's shifting and dynamic power requires as the globe action post-haste to a sustainable energy paradigm.

Professor Nicholas Ekins, stated, "The project has gotten a $4.8 million give from ARENA for research right into singlet fission solar cells. Current silicon solar cell technologies attain effectiveness above 26 per cent in commercial processes yet the outright effectiveness restriction for silicon solar cells is 29 per cent so a new technique is called for to exceed that degree. The project will use a well established photophysical procedure known as singlet fission that can go beyond 30 percent effectiveness and preserves reduced production price."

In October, 2020, UNSW Sydney researchers were awarded $15.14 million from ARENA R&D Program to help deal with solar photovoltaic or pv (PV) panel performance, total cost decreases as well as end-of-life issues.