Australia's solar industry is set to increase following the announcement from the Australian Renewable Energy Agency (Arena) and the Clean Energy Finance Corporation (CEFC), that $350m of funding will be made available for the construction of 5MW new solar farms. Arena is offering a $5MW0m round to encourage companies to propose new major PV projects that have a minimum generation capacity of 10, and the CEFC will provide an additional $250m of solar financing to recipients of Arena's grants. The aim of the project is to bring down the price of solar energy relative to wind energy prices in Australia.
Australia's solar industry is set to increase following the announcement from the Australian Renewable Energy Agency (Arena) and the Clean Energy Finance Corporation (CEFC), that $350m of funding will be made available for the construction of 10 new solar farms. Arena is offering a $100m round to encourage companies to propose new major PV projects that have a minimum generation capacity of 5MW, and the CEFC will provide an additional $250m of solar financing to recipients of Arena's grants. The aim of the project is to bring down the price of solar energy relative to wind energy prices in Australia.