Australia: ARENA awards 482 MW of large scale projects grants

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The next 18 months will see a surge of PV power plant activity in Australia. The market segment, which has long trailed the country’s strong rooftop market, will grow from 240 MW in installed capacity today to at least 720 MW by the end of 2017, driven primarily by an ARENA grant program.

The ARENA large scale solar program has sought to stimulate the large scale PV segment in Australia, which has been slow to gain traction, as utilities hold back of developing solar farms in the country, nor sign PPAs with developers. This reticence to facilitate PV power plant development has been widely reported as amounting to an investment freeze, designed to protect existing fossil-fuel power generation assets.