ARENA supports homegrown low-cost solar with funding for SunDrive – EQ
In Short : The Australian Renewable Energy Agency (ARENA) has provided funding to SunDrive, a local solar technology company, to support the development of low-cost solar panels. This investment aligns with Australia’s commitment to renewable energy and aims to boost the domestic solar industry. SunDrive’s innovative approach and ARENA’s financial support contribute to the country’s efforts in advancing clean energy technologies and reducing carbon emissions. This initiative represents a significant step towards a more sustainable energy future for Australia.
In Detail : A new solar cell technology being supported by the Australian Government could help rapidly scale up low-cost solar.
The Australian Renewable Energy Agency (ARENA) has announced $11m in funding to Australian solar technology company SunDrive solar.
SunDrive has developed a solar cell metallisation technology that uses copper instead of silver in its manufacture. Copper is approximately 100x cheaper and 1000x more abundant than silver.
Australia has the highest uptake of solar in the world. But over the last ten years, only 1% of installed solar cells have been made in Australia.
Through this project, SunDrive will scale up its advanced production line. This will allow it to make enough copper metallised PV cells for around 15,000 household solar systems each year. SunDrive is aiming to employ more than 500 people as production increases in Australia.
The technology has environmental benefits too. Copper is easier to recycle and is less carbon intensive than silver in the manufacturing process.
