Australia launches investment in clean energy manufacturing and energy bill rebate in budget

By Andy Colthorpe
Facebook
Twitter
LinkedIn
Reddit
Email
jim chalmers via x
“We know the global energy transformation represents a golden opportunity for Australia,” said Jim Chalmers (left). Image: Jim Chalmers MP via X

The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

Treasurer Dr Jim Chalmers announced the budget last night (14 May). It covers fiscal policy for the next decade and comes a year ahead of the deadline for holding the country’s next general election.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Two main themes that emerged in Chalmers’ speech were the cost-of-living crisis and the need to invest in the economy, specifically the green economy, by onshoring clean energy manufacturing, and turning Australia into a “renewable energy superpower,” the treasurer said.   

Among the cost-of-living measures announced was a non-means-tested A$300 (US$199.34) energy bill rebate for all households and A$325 (US$215.87) for small businesses over the next financial year, paid quarterly.  

Meanwhile, the Labor government’s plan, Future Made in Australia, will see A$22.7 billion (US$15.1 billion) invested over the next ten years aimed at maximising “the economic and industrial benefits of the international move to net zero,” as well as securing the country’s place “in a changing global economic and strategic landscape,” Chalmers said.

“We know the global energy transformation represents a golden opportunity for Australia. The world is changing, the pace of that change is accelerating, and our approach to growth and investment needs to change as well,” Chalmers said.

“If we hang back, the chance for a new generation of jobs and prosperity will pass us by – and we’ll be poorer and more vulnerable as a consequence. This budget invests in our renewable energy superpower ambitions.”

Read the full version of this story on our sister site, Energy-storage.news.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 7, 2025
Rystad Energy has said that Queensland’s utility-solar assets were the best-performing solar PV power plants in September 2025.
October 7, 2025
The government of Victoria, Australia, has launched the an incentive scheme to encourage businesses to install rooftop solar installations.
October 6, 2025
US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland