The largest slice of the money is A$1.35bn for a ‘Solar Flagships’ programme that will develop four utility-scale, grid-linked solar arrays over the next eight years with a combined generation capacity of 1,000 megawatts (MW). The government says the programme will embrace both solar thermal and photovoltaic (PV) technologies.

A new governmental body, Renewables Australia, will also be set up to support cutting-edge renewables and CCS research and bring new technologies to market.