Thursday, July 18, 2024

Capability Funding Scheme receives 40GW of photo voltaic and wind


“The first CIS public sale, which is able to help 6GW of recent energy, obtained greater than 40GW of mission registrations, displaying that there’s a sturdy pipeline of renewables able to go together with the best coverage settings,” Bowen mentioned within the article.

The nation’s ‘largest single largest renewable tender in historical past’

The Albanese authorities introduced the expanded CIS in November 2023, which goals to underwrite 32GW value of renewable power era and power storage capability. As of April 2024, it’s mentioned to be the “largest single renewable tender within the nation’s historical past”.

At the time, Chris Bowen, additionally revealed that the Albanese authorities and the New South Wales (NSW) authorities will work collectively to develop a “joint tender course of for era infrastructure below the CIS and NSW Roadmap from November this 12 months”.

As beforehand reported by PV Tech, Bowen mentioned there’s a 500MW capability tender for initiatives in Western Australia because of open “in the course of the 12 months”, topic to session and closing settlement.

Australia’s PV manufacturing trade receives an AUS$100 million increase

Last week (June 19), the Australian Renewable Energy Agency (ARENA) launched the worldwide AUS$100 million (US$66 million) ‘Solar ScaleUp Challenge’ to stimulate innovation and collaboration within the photo voltaic sector.

The initiative invitations professionals from throughout the worldwide photo voltaic panorama, equivalent to financiers, photo voltaic clients, engineers, and builders, to interrupt down the limitations to set up, operation, and upkeep of photo voltaic PV initiatives.

It can even allow ARENA to maneuver in the direction of its Ultra Low-Cost Solar (ULCS) imaginative and prescient, arguing {that a} ’30-30-30′ method to photo voltaic, representing 30% photo voltaic effectivity module and an put in value of 30 cents per watt by 2030, will assist Australia grow to be a renewable power superpower. This will imply attaining a levelized value of electrical energy under AUS$20 per megawatt hour by 2030.

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