Financial Times FT.com

Australia joins solar power plant race

By Peter Smith in Sydney

Published: May 19 2009 03:00 | Last updated: May 19 2009 03:00

Australia plans to build one of the world's largest solar power station networks, in partnership with the private sector, as part of its commitment to source 20 per cent of its needs from renewable energy by 2020.

Kevin Rudd, the prime minister, said the government would invest up to A$1.4bn ($1bn, €775m, £700m) in solar energy out of the A$4.7bn Canberra has promised to spend on clean energy initiatives over the next decade.

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