14 April 2015 2015 12:58 AM GMT

Australia Unveils US$15.2 Million Fund to Promote Renewables R&D

The Australian Renewable Energy Agency has unveiled a A$20 million (US$15.2 million) research and development funding program for projects that seek to develop and commercialise renewable energy.

The funding represents the second round of the ARENA’s Research & Development Programme that supports industry and research partnerships. Government-backed ARENA is providing A$21.5 million funding to 12 projects in the first round, which is focussed on solar.

“This round will support industry and research partnerships to deliver R&D projects with practical applications and commercially-oriented outcomes that integrate renewable energy into networks, buildings and industrial processes,” said ARENA CEO Ivor Frischknecht. “ARENA understands the importance of supporting R&D projects to drive innovation and advance renewable energy technologies and solutions suited to the 21st century.

“ARENA is not, however, in the business of investing in research for the sake of research; our goal with this R&D round is to further align our investment in research and development with the needs of industry.Strong collaboration between researchers and industry will help ensure Australia’s world-class renewable energy research is translated into commercial outcomes that increase the economic, social and environmental return on investment in R&D.”

Frischknecht said ARENA had sought input from key industry and research stakeholders to identify R&D priorities that would help meet the challenges facing Australia’s energy market and future energy supply. “Proposed projects must address one of four priority technology areas and develop industry-research partnerships with at least one eligible Australian research institution (research partner) and at least one industry partner,” Frischknecht said.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

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