Minister for Resources and Energy Martin Ferguson AM MP today opened new solar technology facilities for Dyesol and congratulated the company on completing its new $2.4 million manufacturing, engineering, and corporate facilities in Queanbeyan, NSW.
The Australian Government has supported Dyesol with grants and contracts in excess of $4.3 million since the company's foundation in 1994.
Minister Ferguson said: "This is money has been well spent, as Dysol has rapidly grown and the facilities being opened today will facilitate even further expansion.
"The company's dye solar cell technology is now exported and the company is actively engaged in a number of joint-venture opportunities, which represents a win for Dyesol and a win for Australia."
Minister Ferguson reaffirmed the Government's commitment to Australia's renewable energy sector and in particular the development of Australia's solar industry.
"Our vision is that Australia will be a global leader in solar research and technology; a nation exporting our expertise worldwide.
"The Government recognises the potential for growth in this sector, which is why the 2008 Budget contains Australia's largest ever investment in renewable energy research and development.
"The $500 million Renewable Energy Fund and the $150 million Energy Innovation Fund are administered by my Department and these Funds will support the research, development, demonstration, and adoption of renewable energy technologies throughout Australia.
"Solar power has great potential in Australia and Dyesol's growth demonstrates the Government's commitment to renewable energy technology is paying dividends and it also suggests the future looks very bright."