Australia has announced the establishment of a $653 million fund aimed at solar panel manufacturing expansion within the country. The initiative, named Solar Sunshot, aims to integrate Australia more fully into the global solar manufacturing supply chain. The government’s support will include production subsidies and grants to increase domestic manufacturing of solar panels.
During a visit to the site of the former Liddell Power Station, Prime Minister Anthony Albanese emphasized the importance of Australia not being merely the end of a supply chain that originated from an Australian invention. He highlighted Australia’s potential as a leader in the net zero transformation.
“Australia should not be the last link in a global supply chain built on an Australian invention,” the Prime Minister said.
The country possesses all the necessary metals and critical minerals. Furthermore, its reputation as a reliable energy producer and exporter strengthens its position in the global market.
Focusing on Strategic Manufacturing
Albanese pointed out the urgent need to focus on strategic manufacturing areas, especially solar panels, which are pivotal for the energy transition. Despite one in three Australian households having solar panels, a mere 1% of these are manufactured within the country. The Solar SunShot project aims to shift this dynamic, enhancing the industrial base in regions traditionally known for energy production.
Collaborative Efforts for Implementation
The Australian Renewable Energy Agency (ARENA) will play a crucial role, working alongside industry leaders and the government to flesh out and implement the program. ARENA’s comprehensive approach will cover the entire supply chain of solar panel production, from ingots and wafers to the assembly of cells and modules, including vital components like solar glass and inverters.
Kane Thornton, Chief Executive of the Clean Energy Council, hailed the investment as a decisive step towards positioning Australia as a renewable energy powerhouse.
“More than 3.7 million Australian homes have installed rooftop solar, with almost half a million new systems being installed every year. This commitment will mean that more of these systems will contain products made right here in Australia,” said Thornton.
Australia’s $653 million investment for solar panel manufacturing expansion is a strategic move by the government to not only enhance its renewable energy sector’s manufacturing capabilities but also to take a significant step towards a net-zero economy. It shows the country’s commitment to nurturing local industry and fostering innovation in solar technology, promising a brighter, more sustainable energy future for Australia.
Image Source: PV Magazine
