logo
logo

Vast Renewables Secures up to AUD180 Million from ARENA for Clean Energy Project

Mar 12, 20254 months ago

Contract Type

partnership

Foster Sydney CourtBiomass EnergySolarRenewable EnergyEnergy

Description

Vast Renewables Limited has secured up to AUD180 million of conditional funding from the Australian Renewable Energy Agency for the construction of its Port Augusta utility-scale clean energy project, Vast Solar 1. The project aims to provide urgently needed long duration renewable energy storage and generation for South Australia’s grid.

Company Information

Company

Vast Renewables Limited

Location

Foster Sydney Court, Georgia, United States

About

Vast Renewables Limited is a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems. The company generates zero-carbon, utility-scale electricity and industrial process heat.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months