SteelManufacturing Boost For RE In Australia

Consortium Wins Grant To Produce Essential Components For Wind & Solar Technologies

SteelManufacturing Boost For RE In Australia

Australia is encouraging local production of several components required for wind and solar technologies in Australia through its MMI and National Manufacturing Priorities grant, and BlueScope consortium is one of the winners of the same. (Photo Credit: BlueScope Steel Limited)

  • BlueScope and partners have secured AUD 55.4 million as federal grant which will be used to produce various components for renewable energy in Australia
  • It will be deployed by the consortium to set a new fabrication facility at Port Kembla Steelworks which will create several jobs locally
  • The project partners will be able to pump in AUD 161.6 million altogether with the help of this funding for the Advanced Steel Manufacturing Precinct

Australian steel producer BlueScope led consortium has won a federal grant worth AUD 55.4 million to create an Advanced Steel Manufacturing Precinct to manufacture components for the renewable energy industry, including for solar and wind technologies.

BlueScope said the grant will catalyze a further investment of AUD 161.6 million from the company and its partners—engineering firm Keppel Prince, another steel maker Bisalloy, and the University of Wollongong for the project which will be located at Port Kembla Steelworks.

Their new fabrication facility is likely to lead to the creation of around 200 new jobs in steel manufacturing and another 1,000+ in associated industries.

The grant has been awarded under the Australian government’s Modern Manufacturing Initiative (MMI) and National Manufacturing Priorities, that aims to enhance the country’s production capabilities and has a total budget of AUD 1.3 billion. BlueScope and partners have received the funding out of AUD 243 million awarded in total under the same.

Clean energy, under which BlueScope has secured the grant, is one among National Manufacturing Priorities for Australia.

Earlier, while welcoming the New South Wales (NSW) government’s launch of AUD 250 million Renewable Manufacturing Fund, BlueScope’s Managing Director and CEO Mark Vassella had said that currently the nation relies on imported products for several key components for wind towers and solar farms, along with for transmission infrastructure and the like. Local manufacturing in these segments must be encouraged by the government.

In 2018, BlueScope signed up as an offtaker of 88 MW out of 133 MW Finley Solar Farm which was touted as one of the largest corporate offtake agreements in Australia back then.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

Recent Videos

Loading...
Subscribe To Our Taiyang NewsLetter 
Enter your email to receive our daily solar sector updates.