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A large number of wind turbines in an offshore wind farm

Australia takes aims at offshore wind for cleaner future

  • Article

Australia offers tremendous potential for offshore wind projects. The Australian Government has declared two regions for development: one is off the coast of Gippsland, in Victoria, and the other is in the Hunter Valley in New South Wales. Another four more regions have been proposed. In this article, Austrade Investment Director Kathleen Devereaux details the opportunities for offshore wind developers in Australia. The article also spotlights international investments into Australia’s offshore wind industry, including Spanish energy giant BlueFloat Energy’s four projects.

Three male and one female engineers in formal clothes holding awards

Australian engineers awarded the world's top prize for solar cell technology

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A team of Australian engineers has been awarded the world's top prize for engineering. The Queen Elizabeth Prize for Engineering recognises transformational feats of engineering which benefit humanity around the world. His Majesty King Charles presented Professor Martin Green of the University of New South Wales, Professor Andrew Blakers of Australia's National University, and Dr Aihua Wang and Dr Jianhua Zhao with the prize for their invention and work in the development of Passivated Emitter and Rear Cell (PERC) solar photovoltaic technology.

Concept picture of two trains approaching a rail bridge over a river

Australia's A$70 billion rail construction pipeline

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There has never been a more exciting time to be part of the Australian rail industry. With A$70 billion in rail construction activity planned over the next 5 years, the country is currently in a period of development that will transform its rail network for generations to come. Australia has a strong pipeline of public sector funded projects, with 357 large road, rail, airport, energy and social infrastructure construction projects planned in major cities and across key freight and transport routes.

Renewable energy using wind turbines and modern solar panels in a green field.

ARENA releases General Funding Strategy and updated Investment Plan

  • Article

The Australian Renewable Energy Agency (ARENA) is an Australian Government agency that provides funding for renewable energy projects and enabling technologies. ARENA has released its updated Investment Plan 2023 and General Funding Strategy 2023/24 – 2025/26. The Investment Plan includes information on how to apply for ARENA funding and examples of the projects the agency is looking to fund. The General Funding Strategy outlines ARENA’s strategic priorities against which funding proposals are assessed. These include optimising the transition to renewable electricity; commercialising renewable hydrogen; supporting the transition to low-emissions metals; and decarbonising transport. 

Hydrogen supply pipes with a blue coloured value turn wheel

Hydrogen Headstart funding program for renewable hydrogen projects now open

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Australia has opened expressions of interest (EOIs) for the Hydrogen Headstart Program, the largest-ever Australian Government-funded program for renewable hydrogen. The program will provide up to A$2 billion of revenue support for large-scale renewable hydrogen projects. Australia has more than 100 hydrogen projects in the pipeline. The country is investing in public infrastructure and low-emissions technologies to grow its hydrogen industry, and developing global hydrogen supply chains with international partners. EOIs are open until 10 November 2023. Only Australian companies can be the lead applicant for funding. However, international investors can partner with Australian companies to create project consortiums. Austrade can connect investors with Australian project proponents. 

Queensland’s new A$76m Quantum and Advanced Technologies Strategy

Queensland’s new A$76m Quantum and Advanced Technologies Strategy

  • Article

The Queensland Government has released the Quantum and Advanced Technologies Strategy& to support the continued growth of the state’s quantum technology industry. The Queensland Government will invest A$76 million over the next four years to support the strategy’s implementation. The strategy leverages Queensland’s strong research and fabrication capabilities across quantum and other related technologies. These include semiconductors, superconductors, photonics and micro-electromechanical systems. These technologies are used in industries such as renewable energy, critical minerals, batteries, medicine and defence. The strategy will also support the commercialisation of research and intellectual property by attracting and building new advanced technology businesses in Queensland. The Queensland Government worked with four universities and key quantum and advanced technology companies to develop the strategy.

SEA report cover

Australia launches new Southeast Asia Economic Strategy to 2040

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The Australian Government has released a major new strategy to forge closer economic integration with Southeast Asia, one of the world’s fastest-growing regions. Developed by Mr Nicholas Moore AO, Special Envoy to Southeast Asia, the Invested: Australia’s Southeast Asia Economic Strategy to 2040 sets out a practical pathway to increase Australia’s two-way trade and investment with the region. The Australian Government has announced three priority initiatives as an initial response to the strategy’s 75 recommendations. One will involve setting up investment deal teams to increase Australian investment in Southeast Asia. The teams will identify opportunities in priority sectors, provide market intelligence to investors and advise on risk management and regulatory processes. The second initiative is a four-year program to increase two-way trade between Australia and Southeast Asia. The third is a placements and internships program for young professionals in Australia and Southeast Asian countries. 

A number of big batteries in storage containers sit in front of high tension power transmission lines concept image

Big battery investment in Australia hits all-time high

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Investment in large-scale energy storage projects in Australia reached a record high in the second quarter of 2023. The Clean Energy Council’s Renewable Projects Quarterly Report showed six energy storage and hybrid projects worth A$2 billion reached investment stage in Q2 2023. This is the first time Australian storage projects have broken the billion-dollar barrier in a single quarter. These six energy storage projects will add 3,802 MWh to Australia’s storage capacity.

Empty plastic drink bottles sit in a blue recycling bin with recycling triangle symbol on the front

Global companies invest in Australian plastic recycling plant

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US headquartered snacks company Mondelēz International and global packaging company Amcor are investing in an Australian advanced recycling technology pioneer. The investments will help Licella progress construction of one of the first advanced recycling facilities in Australia, to promote a circular economy for plastic packaging. Licella’s technology uses hot, pressurised water to continuously recycle end-of-life plastic that would otherwise be sent to a landfill. The plastic is transformed into back into a crude oil substitute suitable for producing new food-grade plastic packaging. The new Australian facility, called Advanced Recycling Victoria, will initially process 20,000 tons per year of used plastic, scaling up to 120,000 tons. Through Amcor, Mondelēz International will have access to recycled content from this site to meet much of its Australian soft plastic packaging needs, reducing its need for virgin plastic.

A wind farm of wind turbine generators standing amongst green vegetation.

German company BayWa r.e. partners with Australian Atmos on wind energy

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German energy giant BayWa r.e. has announced a strategic development partnership with Atmos Renewables for a series of wind projects. BayWa r.e.said it marked “a significant milestone in the company's commitment to renewable energy development in Australia”. As part of the deal, BayWa r.e. sold to Atmos its Karadoc solar farm, which is one of Australia’s largest operating solar projects with a capacity of 112.5 MWac. It committed to redeploying resources from the sale proceeds and further investments into its 5GW pipeline of renewables projects in Australia. The arrangement also means Atmos has an option to acquire interests in BayWa r.e’s other Australian wind development projects. BayWa r.e. says: “It leverages Atmos' local expertise and BayWa r.e.'s global experience, creating a formidable force for developing a series of wind projects across the country.”

A hand holding a pen signs a document

Australia signs clean energy partnership with California

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Australia and California have signed a Memorandum of Understanding (MOU) to accelerate shared efforts on climate change and the clean energy transition. Areas of cooperation include supporting green finance, investment and climate-friendly business; developing clean energy supply chains and technologies; clean transportation; and the circular economy. California is the world’s fifth-largest economy. Its ability to set standards for new technologies makes it an important partner for Australia’s transition to renewable energy. The MOU follows an agreement between Australia and the US in May to cooperate on clean energy and critical minerals supply chains and accelerate markets for technologies including batteries and hydrogen. Minister for Climate Change and Energy Chris Bowen said: “Global collaboration is critical to ensuring Australia maximises our clean energy potential and realises our ambition to become a renewable energy superpower.”


Publications including factsheets and reports are available to download and share.


Watch to find out more about our thriving industries and superstar innovators.

Circular Economy in Australia

Australia is committed to becoming a circular economy. Veolia Australia & New Zealand CEO Richard Kirkman outlines our natural advantages – from our R&D talent to the space and renewable energy to power factories that can turn recycled materials into innovative products.

AgriFood Technology in Australia

Australia’s reputation for quality and our supportive innovation ecosystem help make us a compelling destination for agritech investment.

Agrifood technology in Australia

Australia has a reputation for clean, green and safe produce and a thriving export market. With a strong R&D ecosystem and government support, it makes us a compelling destination for investors and innovators in agrifood technology.
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Critical Minerals in Australia

Dr Kymberly Talbot from lithium-ion battery developer Feline highlights some of the country’s key competitive advantages.

Charts & infographics

View and download infographics, charts, tables and other data assets from the Why Australia Benchmark Report 2023.

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