- WA-based solar-integrated glazing company ClearVue to
receive $2 million grant to manufacture key components of product onshore
- Grant funding provided through the WA Government's $285
million Investment Attraction Fund
- $2 million funding will facilitate ClearVue's plans to
fabricate product in WA
The McGowan Government has signed a Financial Assistance
Agreement today with solar integrated glazing company ClearVue Technologies for
grant funding of up to $2 million.
The grant has been approved in the first round of the
Western Australian Government's $285 Investment Attraction Fund, which aims to
encourage new industries and support economic development and diversification
within the State.
The grant will assist ClearVue to manufacture the key
components used in the company's patented solar-integrated glazing units and
windows at a new plant, based in Perth.
The company plans to develop an assembly line to manufacture
the solar photovoltaic strips used for solar collection in ClearVue's solar
windows and facades.
The core intellectual property components that will be
manufactured at ClearVue headquarters will be shipped throughout the country
and internationally to the company's licensed manufacturers for use in
end-product solar façades and windows.
The Investment Attraction Fund aims to encourage new
investments that will create local jobs, increase demand for local goods and
services, and secure trade in new sectors and with new markets.
WA Government financial contributions are governed by the
execution of a Financial Assistance Agreement.
For more information on the Investment Attraction Fund and
the selection process, visit
https://www.investandtrade.wa.gov.au/opportunities/investment-attraction-fund
Comments attributed to State Development, Jobs and Trade
Minister Roger Cook:
"The McGowan Government's Investment Attraction Fund
aims to encourage new investments, support the development and expansion of new
and emerging industries to diversify our State's economy, and create new
employment opportunities.
"The fund seeks to capitalise on WA's comparative
advantages, including our now thriving innovation ecosystem. A key to
supporting innovative companies, like ClearVue, to evolve into thriving
businesses within our State is to develop and retain highly-skilled technical
expertise here in WA.
"A trailblazer in the field of advanced solar glazing
and window solutions, ClearVue is a genuine WA success story. With their
patented technology, they continue to expand into international markets and the
$2m Investment Attraction Fund grant will enable ClearVue to manufacture its
key components onshore for the foreseeable future, creating new employment
opportunities within the sector."
Minister's office - 6552 6500
