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The government has revealed $22.7 billion of long-term spending on clean energy and strategic industries as part of its Future Made in Australia plan. It wants to turn the country into a renewable energy superpower, with funding to kickstart a solar manufacturing industry. The government is budgeting $1.5 billion over seven years to support renewables and clean technology projects, a further $1.7 billion over a decade in the Future Made in Australia Innovation Fund, and $549 million over eight years to support domestic battery manufacturing, all managed by ARENA. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-05-1... Much of the support for critical minerals and green hydrogen will be delivered via production tax incentives, which will not start until 2027-28. Solar manufacturer SunDrive has been named one of the winners of the budget, along with critical minerals producer Renascor Resources. #TheBusiness ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on X (Twitter): / abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia