SunPower will invest $3.6 billion in solar projects across Australia in 2018-19, with the bulk of the projects aimed at supplying solar energy to homes, businesses and public transport, the company announced on Tuesday.
It will invest in more than 50 solar projects, with projects in Sydney, Melbourne and Adelaide and in Western Australia.
“It’s a great day for our solar industry,” Mr Cook said.
“SunPower is a world leader in building and delivering world-class solar technology, and we are delighted to be joining forces with SunPower to deliver the world’s largest, most ambitious and cleanest solar power system in Australia.”
Mr Cook said the company’s commitment to renewable energy was also about getting more Australians onto the grid, and creating jobs.
“We want to make sure that Australians can have access to the most affordable, clean, renewable energy and we want to create jobs and growth,” he said.
SunPower said it was committed to creating 25,000 jobs, with 20,000 people working at the company in Sydney and 50,000 in Melbourne.
The announcement comes as the Federal Government announced plans to build 100 gigawatts of solar power capacity by 2022.
The Government’s Federal Electricity Market Authority (FEMA) will launch an auction for power from renewable sources by the end of the year.
The Federal Government also said it planned to double the solar panel count at major facilities in Queensland, Tasmania and the Northern Territory.
The National Energy Market Authority will set prices for electricity delivered to homes and businesses in the 2020-21 financial year.