The plans to turn Australia into a renewable superpower | The Business | ABC News

The government has revealed $22.7 billion of long-term spending on clean energy and strategic industries as part of its Future Made in Australia plan. It wants to turn the country into a renewable energy superpower, with funding to kickstart a solar manufacturing industry. The government is budgeting $1.5 billion over seven years to support renewables and clean technology projects, a further $1.7 billion over a decade in the Future Made in Australia Innovation Fund, and $549 million over eight years to support domestic battery manufacturing, all managed by ARENA.
Much of the support for critical minerals and green hydrogen will be delivered via production tax incentives, which will not start until 2027-28. Solar manufacturer SunDrive has been named one of the winners of the budget, along with critical minerals producer Renascor Resources. #TheBusiness

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