Australia has the world’s highest uptake of rooftop solar panels with one in three households having them. However, only 1 per cent are manufactured locally.
A $1 billion fund to grow Australia’s nascent solar panel industry will be launched on Thursday by Prime Minister Anthony Albanese, who has declared the nation’s manufacturing sector can be revived by tapping into a renewable energy boom.
“Historically, Australia has been good at going from the mining pit to port, and long may this continue. But the Australian government will also invest in the path from pit to panels and capture more value for our economy and workforce.”While Australia has the world’s highest uptake of rooftop solar panels – one in three Australian households has them – only 1 per cent are made in Australia.
It follows the United States’ gargantuan Inflation Reduction Act, which some analysts believe could deliver up to $US1 trillion in production credits. The scheme has been described as a “ It argues that the construction of wind and solar farms, as well as transmission lines, will create jobs for coal plant workers.
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