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‘Made in Australia’ green investment plan buoys innovators, but risks dependency on subsidies

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Wind turbines can be seen at sunrise on hills surrounding Lake George, located near the Australian capital city of Canberra, on March 7, 2024.

The 10-year, $20 billion Future Made in Australia scheme aims to support local manufacturers.

PHOTO: AFP

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At a production plant in southern Sydney, a start-up technology company is working on a new type of solar panel that it hopes will one day generate electricity around the world.

Unlike standard solar cells, which use silver, the company – SunDrive Solar – has produced cells that use copper, which is cheaper and more abundant than silver.

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