The Albanese government will dedicate $1 billion in subsidies, grants and other forms of support to the domestic production of solar panels, including in the coal-rich Hunter Valley.
As part of a budget package that will attempt to rival the Biden administration’s Inflation Reduction Act, the prime minister will unveil his latest policy on Thursday at the site of the decommissioned coal-fired Liddell power station in NSW.
He argued that if Australia were to become a renewable energy superpower, “the government has to be a partner in this, not just an observer”.
Two weeks ago, he pledged an $840 million package of loans and grants to help Gina Rinehart-backed Arafura Rare Earths develop its Northern Territory mine and refinery.
Thursday’s announcement of a $1 billion investment in the Solar Sunshot program “will supercharge Australia’s ambition to become a renewable energy superpower at home and abroad”, the prime minister contended.
https://www.copyright link/politics/federal/pm-pours-1b-into-solar-panel-manufacturing-20240321-p5fe45#:~:text=The%20Albanese%20government%20will%20dedicate,the%20coal%2Drich%20Hunter%20Valley.
