Albanese Unveils $500M Clean Energy Boost, Prioritizes Local Steel in Wind Tower Projects
February 21, 2025
The Whyalla Steelworks, which is crucial for approximately 3,100 jobs in structural steel production, is currently facing administration.
The new funding will specifically support the construction of wind towers and infrastructure for large-scale solar projects, aligning with Australia's renewable energy goals.
Albanese stressed the necessity of integrating Australian steel throughout the supply chain to bolster local industries and ensure that local content becomes a national standard.
To further this goal, the federal government plans to establish local content requirement targets for state and territory governments to prioritize sourcing from local manufacturers.
He highlighted the significance of these industries for both Australia's economic and national security, particularly in the context of fabricating components for wind towers.
During his visit to BlueScope Steelworks, Albanese faced criticism from anti-offshore wind farm activists, who questioned his dedication to blue-collar jobs.
In his speech, which served as a pre-election address, Albanese contrasted Labor's plans with those of the previous Coalition government, led by Peter Dutton, whom he accused of creating issues in healthcare and migration.
Dutton expressed concerns regarding the sustainability of Whyalla Steelworks if the federal government intervenes in its operations, while also supporting steel production.
He further criticized the viability of green hydrogen projects, arguing that they are not commercially feasible at this time.
Prime Minister Anthony Albanese has unveiled a significant $500 million initiative aimed at boosting clean energy manufacturing in Australia, with a strong emphasis on utilizing locally produced steel and aluminium.
This funding is part of the Future Made in Australia Fund, which is designed to create jobs within the clean energy sector.
The announcement follows a recent $2 billion rescue package for the Whyalla Steelworks, underscoring the government's commitment to supporting domestic steel manufacturing.
Summary based on 2 sources
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news.com.au — Australia’s leading news site • Feb 21, 2025
PM’s $500m pledge for local jobs
The West Australian • Feb 21, 2025
PM puts Australian steel in frame of renewables rollout