Australian photovoltaic module maker Tindo Solar says it is confident it can compete with the world’s biggest manufacturers as it recently secured new state funding.
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Australia’s only PV solar module maker Tindo Solar has secured AU $ 1 million ($ 755,300) in federal government funding, which will help it switch to new M10 cell technology and increase the capacity of production with a new manufacturing facility in Adelaide nearing completion.
Tindo Solar CEO Shayne Jaenisch said on Monday that the AUD 1 million grant, announced as part of an AUD 55 million package provided under the second round of the Manufacturing Modernization Fund (MMF), would allow the company to compete on an equal footing with the largest module in the world. manufacturers.
“We are looking forward to being able to take the next step,” said Jaenisch pv magazine. “This allows us to be competitive at the forefront of technology. Once we put the new line into production in January, I think we’ll be able to compete with the top 10% of the world’s top performers. We have always had quality. We are now at a point where we can compete head-on with some of the world’s largest manufacturers.
The cash injection marks the first funds the company has received from any level of government. Tindo Solar has been manufacturing photovoltaic solar modules at its plant in Mawson Lakes in the northern suburbs of Adelaide for more than a decade. But the company recently announced expansion plans to enable it to meet growing demand for its Modules made in Australia.
The new plant will increase the company’s production capacity to 150 MW per year. It will see Tindo Solar’s transition to the latest M10 cellular technology. Jaenisch said a 144-cell 550W module will be among the first modules to roll out of the new line.
Tindo Solar is one of 86 Australian companies to participate in the latest round of MMF grants. Sun Cable, the Singaporean consortium behind the AUD 26 billion Australia-ASEAN Power Link (AAPL), also recently secured an AUD 1 million grant as part of the MMF’s second round to advance its development plans. of a project solar panel assembly installation in Darwin.
Earlier this year, Sun Cable announced plans to build a facility to manufacture Maverick pre-fabricated and pre-wired solar systems, designed by Sydney based manufacturer 5B. The system was selected as the module of choice for the AAPL project – a 14 GW solar farm and approximately 33 GWh battery energy storage system to be built in the Barkly area of the Northern Territory.
Sun Cable said the first stage of the proposed manufacturing facility will pilot a semi-automated production line, which will provide opportunities to supply other solar farms in northern Australia with Maverick solar panel systems. . Phase two of the development will expand the facility to fabricate systems for the AAPL project.
Sydney-based E3Sixty was also included in the list of MMF grant recipients, securing $ 469,950 to help fund an A $ 1.9 million e-waste recycling facility in the city’s western suburbs. E3Sixty Solar, which integrates Photovoltaic industry, recently secured a site in Auburn, where it has already started a solar module recycling operation.
Industry, Science and Technology Minister Christian Porter said the MMF, part of the government’s A $ 1.5 billion modern manufacturing strategy, is designed to help companies modernize their manufacturing processes, improve their productivity and target new export opportunities. Companies are required to match government funding on a three-to-one basis, with government grants covering up to 25% of eligible project expenses.
The minimum grant amount is AUD 100,000 and the maximum grant amount is AUD 1 million. Projects must be completed within two years.
“Australia’s manufacturing sector is vitally important to our economy, directly employing over 900,000 Australian workers and contributing nearly $ 120 billion to our export earnings last year,” Porter said. “Investing in the latest technology and manufacturing equipment helps them stay competitive internationally by improving their productivity and increasing their ability to target new export markets for their products. Equally important, these investments are also helping to create well-paying and highly skilled jobs in modern manufacturing for Australian workers. We know that for every manufacturing job we create, at least three more jobs are created in other areas of our economy.
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