Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • What Is UPI’s ‘Pay With Mutual Fund’? All You Need To Know About This Feature | Savings and Investments News
    • Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News
    • Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds
    • MFS Launches Two New Active ETFs
    • Fresh issuances in corporate bonds moderated in August: RBI
    • A Sip Of Nostalgia That Sparked A Beverage Revolution
    • Debt MFs see outflow of ₹1 lk cr in Sept on withdrawals from liquid, money market funds
    • Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Australian engineering firm lands government funds to build local components for wind turbines
    Funds

    Australian engineering firm lands government funds to build local components for wind turbines

    September 1, 2025


    A Bunbury based engineering firm has been awarded $2 million by the Western Australia state government to support its efforts to build a local wind energy manufacturing hub and provide locally made parts for wind turbines.

    The funding will support RCR Advanced Technologies’ $5.3 million plan to build a pilot production plant for “transition flanges”, which connect the wind turbine tower to the concrete foundations and are currently manufactured entirely overseas.

    RCR says it is already in talks with turbine manufacturers to build the flanges locally, including global wind energy manufacturer Vestas, and has also held discussions with renewable energy project developer Green Wind Renewables over its portfolio of projects in the state.

    All told, the project is expected to create up to 48 new jobs and generate $36 million in new revenue over the next five years.

    “This will have a significant impact in the region we operate in and offers opportunities for us, our workforce, and the region to adapt,” said Neville Kelly, manager of RCR Advanced Technologies.

    “RCR is in a prime position to upskill local workers and provide employment related to modern energy sources, while leveraging our mining sector heritage in engineering projects to meet burgeoning demand from the onshore wind energy supply chain in Western Australia.”

    The state’s Wind Energy Manufacturing Co-Investment Program is making a total of $8 million available to support manufacturers in the wind energy supply chain as well as manufacturers looking to break into the sector.

    “We’re enabling local companies to scale up, invest in advanced equipment, and secure their place in global clean energy supply chains,” said Amber-Jade Sanderson, state minister for energy and decarbonisation.

    “This project demonstrates the WA Government’s commitment to building a competitive, future-focused manufacturing base that drives decarbonisation and creates quality jobs for Western Australians.”

    Bayswater-based manufacturer Australian Winders was the first company to secure funding from the Program, receiving $488,204 in co-investment funding to support the development of a near-$1 million project that will see the company offer local repair and maintenance of wind turbine coils.

    It is expected the company will be able to evolve to begin manufacturing new coils for original equipment manufacturers (OEMs) and wind farm operators, providing a local replacement to an otherwise imported product.

    Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Debt MFs see outflow of ₹1 lk cr in Sept on withdrawals from liquid, money market funds

    October 22, 2025

    Debt MFs witness ₹1 lakh cr outflow in September on withdrawals from liquid, money market funds

    October 22, 2025

    National University of Singapore to sell US$500 million in funds

    October 21, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    MFS Launches Two New Active ETFs

    October 22, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    What Is UPI’s ‘Pay With Mutual Fund’? All You Need To Know About This Feature | Savings and Investments News

    October 22, 2025

    Last Updated:October 22, 2025, 15:15 ISTICICI Prudential Mutual Fund and Bajaj Finserv AMC now let…

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    MFS Launches Two New Active ETFs

    October 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Ethereum ETFs See Record $465M Outflow as BlackRock Leads Withdrawals

    August 5, 2025

    Cat bonds offer advantages over taxation for tackling rising disaster costs: OECD

    August 22, 2025

    Amplify launches US growth ‘Enhanced Income’ ETF | ETF Strategy

    August 25, 2024
    Our Picks

    What Is UPI’s ‘Pay With Mutual Fund’? All You Need To Know About This Feature | Savings and Investments News

    October 22, 2025

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.