INDUSTRY NEWS

‘A future made in Australia’: Anthony Albanese launches Sunshot in major boost to Australian PV manufacturing

2024-03-29

“I want a future made in Australia. And I want a future made in our regions,” said Anthony Albanese Image: Australian Labor Party via X.

The Australian government has launched the Solar Sunshot programme, a A$1 billion (US$650 million) investment to support an Australian solar module manufacturing industry, to widespread support from the sector.

The funds will go towards grants and subsidies to encourage companies to invest in solar manufacturing in Australia, following in the footsteps of similar measures elsewhere in the world, most notably the Inflation Reduction Act (IRA) in the US and the Net Zero Industry Act (NZIA) in Europe. The government will work with the Australian Renewable Energy Agency (ARENA) to scale up solar manufacturing, and plans to use the funds to support the building of ingots, wafers, cells, modules and “related components”, which include inverters and solar glass, with the agency to begin work in April.

(The above content is reproduced from pv-tech,By JP Casey)

 

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