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Latest Australian Critical Minerals Prospectus released

  • Article

The Australian Government has released the Australian Critical Minerals Prospectus. The latest Prospectus showcases 52 high-quality, investment-ready critical minerals projects. These projects include mining, processing and value-adding opportunities across the critical minerals supply chain. Australia’s critical mineral resources will be vital in the global shift to green technology such as solar panels, electric vehicles and wind turbines. Australia is committed to transitioning to a net zero economy, and the Australian Government is actively supporting investment in critical minerals projects, including through the recently expanded A$4 billion Critical Minerals Facility. The Facility provides funding for critical minerals mining and processing projects. Independent research has found that Australia continues to be the most attractive region globally for mining investment, with a secure economy backed by strong exports, services and a stable regulatory environment.

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Australia’s strategy to become a global cyber leader by 2030

  • Article

Australia has set out a roadmap to realise its vision of becoming a world leader in cyber security by 2030. The 2023–2030 Australian Cyber Security Strategy sets out 6 cyber shields under which the Australian Government will seek to improve cyber security, manage cyber risks and better support citizens and businesses. The Australian Government will commit A$586.9 million to the Cyber Security Strategy out to 2030. It has released a Cyber Security Action Plan detailing the key initiatives that will start over the next 2 years. There are strong opportunities for investors to help Australia meet its cyber security ambitions.

Concept image showing solar panels, wind turbine generators, and battery storage in a cleared, gravel area with blue sky and clouds above.

Australia expands investment scheme for new renewables projects

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Australia will expand its Capacity Investment Scheme (CIS) to increase new investment in renewable energy projects. The scheme’s expansion will underwrite projects to deliver 9 GW of clean dispatchable capacity and 23 GW of variable capacity nationally by 2030. This will build reliability in Australia’s changing energy market and support its energy system to reach 82% renewables by 2030. Australia will hold competitive tender bids for projects that can fill expected reliability gaps. The CIS South Australia-Victoria tender will open for bids in December 2023. The New South Wales tender resulted in 6 successful bids for major energy projects totalling 1,075 MW of reliable capacity. The Australian Government will provide revenue support for the selected CIS projects, providing a long-term revenue safety net that decreases financial risks for investors.

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Italy’s leading food and beverage manufacturers expand in Australia

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Australia is a compelling market for international companies to develop, commercialise, scale and source the next generation of agriculture and food technologies. Italy is one of the largest food processors in Europe with a thriving food tech and innovation scene. From precision agriculture technologies to targeted nutrition and sustainable packaging, Italy’s leading food manufacturers are now successfully growing their footprint in Australia.

Critical Minerals on conveyor belt

Australia commits another $2bn to critical minerals financing

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Australia is boosting critical minerals funding by another A$2 billion, doubling the capacity of Australia’s Critical Minerals Facility to finance critical minerals mining and processing projects. The extra financing takes the Australian Government’s value-adding investments in Australian resources to A$6 billion. Australia is seeking investment in critical minerals to solidify its position as a world-leading provider and help the country transition to net zero by 2050.

A large number of wind turbines in an offshore wind farm

Australia takes aims at offshore wind for cleaner future

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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.

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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

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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. 

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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.

Publications

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

Videos

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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