Australia sets up $650m fund for domestic solar panel manufacturing

Prime minister says Solar Sunshot will boost industry, reduce reliance on China

SHAUN TURTON, Nikkei staff writer

SYDNEY -- Australian Prime Minister Anthony Albanese has announced a fund totaling 1 billion Australian dollars ($650 million) for building solar panels domestically, part of the country's efforts to benefit from the global transition to clean energy and reduce its reliance on China.

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