Oz government looks to drive cost of green hydrogen down with fresh solar funding

The Australian government has unveiled fresh funding to drive down the cost of solar technology as part of a wider goal of getting the cost of production of green hydrogen below A$2 (US$1.44) per kilogram. The government’s independently run Australian Renewable Energy Agency (Arena) announced up to A$40 million in funding to support research and development into lowering the cost of solar photovoltaics. Arena said the funding would be directed towards projects that are aligned with the agency’s Solar 30 30 30 goal — targeting 30% module efficiency and reducing the total cost of construction of utility scale solar farms to 30 cents per installed watt by 2030.