The Australian Government is to pay half the 5-million dollars it will cost Bluescope Steel to develop a new prototype for generating solar energy.
The company has today shown off an example of a solar panel integrated into metal roofing.
The Minister for Resources and Energy, Martin Ferguson says the government’s 2-point-3 million dollar grant under the Emerging Renewables program is money well invested.
He says the technology will help solar electricity become cost effective without government subsidies.
“The price on carbon plus a renewable energy target of 20 per cent, plus the cost of manufacturing the installation of solar PV (photovoltaic) has actually been reduced significantly over the last couple of years, hence it is far more competitive and you actually don’t require feed in tariffs…. Read more