On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced it has approved $65 million in funding to Vast Solar to construct VS1, a first-of-a-kind 30 MW / 288 MWh concentrated solar power (CSP) plant in Port Augusta, South Australia. ARENA’s funding for VS1 is conditional upon the project reaching financial …
Renewable energy storage must expand massively and diversify if Australia is to achieve net zero by 2050
Renewable energy storage must undergo massive growth if Australia is to achieve net zero by 2050. A new report from the CSIRO and supported by ARENA funding, says between 10 to 14 times more storage could be needed in the coming decades to support the National Electricity Market (NEM). The Renewable Energy Storage Roadmap forecasts …
Vast Solar Concentrated Solar Power reference plant, VS1 Port Augusta, to receive $65 million funding from ARENA
Vast Solar has welcomed the Minister for Climate Change and Energy’s and the Australian Renewable Energy Agency’s (ARENA) announcement that it has approved funding of $65 million for VS1, Vast Solar’s 30MW/ 288MWh reference plant in Port Augusta, South Australia. The funding is another step forward for the project, which will create hundreds of jobs …
Australia funds feasibility study for hybrid Concentrated Solar Power-hydro plant
RayGen Resources has secured A$3 million from the Australian Renewable Energy Agency (ARENA) to conduct a feasibility study for a pilot Concentrated Solar Power plant that uses water as storage medium. Located at Carwarp in north-west Victoria, the facility would deliver 4 MW of solar power generation, including 17 hours of 3 MW storage capacity. …
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