Australian Government to Invest A$50 Million in Clean Energy Supply Chain Projects

The Australian Government has announced up to A$50 million in funding to develop clean energy supply chains in the Indo-Pacific.

The Australian Government’s Minister for Climate Change and Energy Chris Bowen announced the funding at the G20 Energy Transitions Ministerial meeting in Goa India on July 22.

The Quad is a diplomatic partnership between Australia, India, Japan, and the United States, committed to promoting an open, stable, and prosperous Indo-Pacific that is inclusive and resilient.

Bowen said secure and diverse supply chains for clean energy are essential to Indo-Pacific energy security and emissions reduction goals and the transition to a net zero future.

The funding will be Australia’s contribution to the Quad Clean Energy Supply Chain Diversification Program, which was announced at the Quad Leaders’ Summit in May.

The Program will fund research and development, and feasibility studies in the Indo-Pacific to support the development and diversification of key clean energy supply chains associated with solar photovoltaic (PV) systems, hydrogen electrolysers, and batteries.