- The facility would be used to increase its export market, boosting Australia’s presence in the renewables market
- The considered location for manufacturing facility will be in regional New South Wales, Queensland, and Victoria
Tindo Solar has announced its strategies to expand its manufacturing capacity more than sixfold. The company has planned to establish an AUD 90 million ($60 million) to AUD 100 million facility in eastern Australia that will produce about 2 million panels per year, equivalent to 1 GW of capacity per annum.
The location is yet to be decided, but the considered location will be in regional New South Wales, Queensland, and Victoria.
The new plant is expected to be operational by the end of 2025. This plant’s production capacity will be 7,000 panels per day, helping meet the estimated 22,000 PV panels which the company predicts will need to be installed each day to meet Australia’s 2030 decarbonisation targets.
“There is a clear need for Australia to build sovereign capability in renewables manufacturing and to ensure there is more Australian-made content in the vast amount of clean energy infrastructure required as we decarbonise our electricity system,” said Tindo Chief Executive Officer Richard Petterson.
The facility would be used to increase its export market, boosting Australia’s presence in the renewables market.
Petterson said the plant has been developed in response to federal and state government calls for more domestic renewables manufacturing and the scale of the proposed facility will help catalyse a domestic upstream supply chain.
