The Albanese government has announced $1 billion (US$652 million) into a solar manufacturing hub at a former coal site.
The taxpayer funds will be dedicated to supporting solar manufacturing via production subsidies and grants.
The announcement is part of the Labor government’s plan to become a “renewable energy superpower” in Australia and overseas.
Labor is aiming to ensure solar panels are manufactured in Australia, including in the Hunter region at the old coal-fired Liddle Power station.
Touting the initiative, the government noted only 1 percent of solar panels used in Australian households are made on home soil.
Prime Minister Anthony Albanese said Australia should not merely serve as the final link in a global supply chain, for an Australian invention....
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