Australian government is planning to invest around $1.3 Billion in solar power projects to harness the country’s favorable climatic conditions.

The Federal government of Australia is planning to harness the sunny climate of the country by making an investment of around $1.3 Billion in solar power projects, as reported by The Age.

The government has also said that it will increase the rebate on the trading of electric water heater for solar water heater from $1000 to $1600. Besides, the government has set a target of setting up an additional solar energy capacity of 1000 Megawatts, which will be three times higher from the largest solar energy project currently in operation. 

All these government initiatives are aimed to promote solar energy usage in households and to raise the amount of power generated from the renewable energy sources. The government has expressed optimism that people would do everything essential for improving energy efficiency at their homes.

Moreover, the government will launch a new solar flagship project to make Australia a world leader in solar power generation.

In fact, the proposed initiatives will enable Australia to leave Libya and Dubai behind and acquire the third rank in the world. The size of the individual plants will hold the key to make it one of the leading solar power development centers; however, it won’t be the sole nation to build solar power stations of such size. 

According to some industry experts, the government’s decision has become a debatable topic whether this much amount of money should be invested or not. Solar power industry is on the threshold of boom and holds the great importance to meets the future energy needs of the country. 

According to a Research Analyst at RNCOS, “The global warming is still the greatest economic, social and environmental challenge before every country and ignoring responsibilities in the pretext of global recession could not entail to the amenable solution of the problem. The Australian government’s plan has made a timely entry and this plan would help in protecting several thousands of jobs for traders and workers employed in distribution, manufacturing and installation in the phase of global recession.”

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