Deals Counterparts

Stellar PV plans 2 GW silicon ingot and wafer manufacturing facility in Queensland

Development Solar announced Townsville, Australia Mar 10, 2026
USD400M
Deal Value
2 GW
Capacity
development
Stage

Stellar PV is developing a 2 GW silicon ingot pulling and wafer manufacturing plant near Townsville, Queensland, with an estimated cost of $400 million. The project, which has been awarded Major Project Status by the Australian government and is supported by ARENA, aims to establish Australia as a global hub for solar manufacturing and provide an alternative supply chain for photovoltaic wafers. The facility is targeting production in late 2028, pending regulatory approvals.

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Deal Analysis

Australia is pushing to diversify the global solar supply chain with Stellar PV's planned 2 GW silicon ingot and wafer manufacturing facility. The $400 million plant near Townsville, Queensland, backed by Major Project Status from the Australian Government and funding from ARENA, aims to establish the country as a key production hub. This move by the Australian Government, through its 2012-established renewable energy agency ARENA, directly addresses the need for alternative photovoltaic wafer sourcing. If successful by its late 2028 target, this project could significantly bolster Australia's role in the global clean energy transition.
  • 2 GW silicon ingot and wafer manufacturing capacity.
  • $400 million estimated cost near Townsville, Queensland.
  • Australian Government's Major Project Status and ARENA support.
  • Targeting late 2028 production for alternative PV wafer supply.

Source Intelligence

KEY DETAILS

The project has been awarded Major Project Status by the Australian government. Quote: "has been awarded Major Project Status by the Australian government". The project is supported by ARENA as part of the $1 billion federal Solar Sunshot program. Quote: "The study, supported by the Australian Renewable Energy Agency (ARENA) as part of the $1 billion federal Solar Sunshot program". The project aims to establish Australia as a global hub for solar manufacturing and provide an alternative supply chain for photovoltaic wafers. Quote: "establish Australia as a global hub for solar manufacturing and provide an alternative supply chain for both domestic and global solar markets.". The plant is described as a low-emissions facility. Quote: "The low-emissions plant would process polysilicon to produce silicon ingots and then convert the ingots to silicon wafers.". A pre-feasibility review indicates the facility is technically and commercially achievable. Quote: "The pre-feasibility review indicates the facility is technically and commercially achievable and there are no environmental, regulatory or site-related barriers that would limit progression to the next stage of the feasibility study."

Deal Size
estimated $400 million (USD 281 million) project
Capacity
Stellar PV’s plan to establish a 2 GW silicon ingot pulling and wafer manufacturing plant
Location
Australia’s first large-scale silicon ingot and wafer manufacturing facility in Queensland
Announcement
March 10, 2026
COD
aiming for production in late 2028
PARTIES MENTIONED IN SOURCE
S
Stellar PV developer

"Stellar PV’s plan to establish a 2 GW silicon ingot pulling and wafer manufacturing plant"

A
Australian government government

"awarded Major Project Status by the Australian government"

f
federal government’s Major Projects Facilitation Agency government agency

"direct support from the federal government’s Major Projects Facilitation Agency"

A
Australian Renewable Energy Agency (ARENA) government agency

"supported by the Australian Renewable Energy Agency (ARENA)"

high quality Enriched Mar 10, 2026

Timeline

Announced
Mar 10, 2026
Signed
Closed

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