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.
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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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