Complete Report - University of New South Wales

ARCPHOTOVOLTAICSCENTRE OFEXCELLENCE2010/11ANNUAL REPORT7. FINANCIALSUMMARYThe total income for 2010 for the AustralianResearch Council (ARC) Photovoltaics Centre ofExcellence was $6.8 million. This does not includeover $2 million from the Host Institution based onEFTSU and related income. This income has beengenerated by the Centre through its educationalactivities that have formed the basis of a Schoolwithin the Faculty of Engineering. This income hasbeen used for the development of new courses andteaching materials and to fund the salaries of mostof the academic staff associated with the Centre.The largest two components of Centre income interms of cash contributions were from the ARCwith $2.1 million for the Centre Grant and industrywith $2.0 million. The former was complementedby a further $0.49 million in ARC funding for othergrants. However, for the latter, in-kind contributionsfor collaborative research add a further almost$1 million, effectively making industry funds thelargest income source for the Centre for the fourthconsecutive year. With the booming photovoltaicindustry, the success of Centre PV technology andthe high demand for companies wishing to workwith the Centre, this trend is expected to continue.Figure 7.2 shows a more detailed breakdown ofincome derived from industry and related sources.The largest industry contributor was again Suntech-Power, but with the majority of the $0.63 millionbeing in-kind contributions resulting from mostof the collaborative research being carried out atthe premises of Suntech in China. The largest cashcontributor was the consortium of Toyota, GeneralElectric, Schlumberger and ExxonMobilfor the Global Climate & Energy Project,administered by the Stanford University,who contributed $0.61 million. The nextthree largest cash contributions were from CSGSolar from Australia, Shinsung Holdings from Koreaand Guodian Solar from China, each contributingabout $0.3 million. Other cash and in-kindcontributions have been made by a large numberof industry collaborators and contributors of whomthe most significant have been Hyundi HeavyIndustries, the European Commission, RenewableEnergy Corporation (REC), BP Solar, CEEG NanjingPV Tech, Toyota Motor Group, E-ton Solar, Silex, Roth& Rau, Global Sunrise Energy, Infigen Energy, theAustralian Academy of Science and Advent Solar. Inaddition, many other companies contribute to theCentre through the expertise and experience theyoffer in collaborative research areas and the in-kindsupport they provide through access to equipment,facilities and personnel not available at UNSW.The third largest cash component of income wasHost Institution support. UNSW contributed $1.0million not including additional Host Institutionsupport in the form of EFTSU and related income.The next largest cash component of income was$0.70 million from the State Government, primarilythrough the Department of State and RegionalDevelopment (DSRD). This funding has beenparticularly important for the purchase of newequipment and the development of facilities.Other Centre contracts, consulting work andtechnology transfers are conducted throughNewSouth Innovations, the commercial arm ofthe university. These are handled on behalf of122