Up to $2.5B in funding is available from ARENA to make renewable energy solutions more affordable and increase the amount of renewable energy used in Australia.
Australian Renewable Energy Agency (ARENA)
Australian Renewable Energy Agency (ARENA) is a commercially oriented agency. It was established on 1 July 2012 by the Australian Renewable Energy Agency Act 2011.
ARENA investments span the commercialisation pathway from research and development to demonstration and near-commercial deployment projects.
The Australian Renewable Energy Agency (ARENA) investments span the commercialisation pathway from research and development to demonstration and near-commercial deployment projects. It takes a technology-neutral approach in considering project applications and has a mandate to capture and share knowledge from its projects.
ARENA have two objectives:
- improve the competitiveness of renewable energy technologies
- increase the supply of renewable energy in Australia.
Research and Development Programme
Purpose: To support world-class research and development in priority renewable energy technologies.
Availability: Applications are accepted only during competitive rounds.
Advancing Renewables Programme
Purpose: To support activities that reduce the cost or increase the value delivered of renewable energy, advance renewable energy technologies towards commercial readiness, reduce or remove barriers to uptake, or increase relevant skills, capacity and knowledge.
Availability: Open to applications for all activities identified in the ARENA Investment Plan, other than those designated as competitive. Applications for the competitive activities are only accepted during competitive rounds.
Renewable Energy Venture Capital Fund Programme
Purpose: To foster skills and management capability, and provide funding confidence to renewable energy projects to strengthen their chance of success.
Availability: The REVC Fund supports the Southern Cross Renewable Energy Fund. Applicants should contact Southern Cross Venture Partners directly to discuss venture capital opportunities.
ARENA provides funding assistance to renewable energy activities according to the General Funding Strategy and Investment Plan. It has approximately $2.5 billion in funding, which is legislated and extends until 2022.
ARENA funds activities that are expected to advance renewable energy technologies towards commercial readiness, improve business models or reduce overall industry costs.
Projects must develop industry-research partnerships with at least one eligible Australian research institution (research partner) and at least one industry partner and address one or more of the four key technology focus areas.
Projects must address one or more of the following four key technology focus areas:
- Balance of System (BoS) cost reduction (either on-grid or off-grid)
Development of new technologies or new applications of technologies and/or processes to reduce renewable energy system payback time and lower levelised cost of energy (LCOE).
Balance of System is the non-generation part of the plant including both hard costs (eg inverter, electronics, etc) and soft costs. For example, in a solar PV plant it does not include the PV modules.
- Integration and high penetration of renewables into networks (either on-grid, off-grid or mini-grids)
New technologies or applications of technologies, including associated financial and economic modelling, to address the challenges of integrating renewables and the grid, and increasing penetration levels.
- Integration of renewable energy for industrial process (excluding electricity generation)
New applications of technologies, including associated new business models, for renewables to provide process heat or cooling where gas or other fossil fuels are typically used.
- Integration of renewable energy into buildings or building materials
Development of innovative renewable technologies for building integrated applications (eg roofing, walls, windows, paint), or heating and/or cooling systems.
Technology developers, researchers and other organisations are invited to submit applications for funding under relevant ARENA programmes.
The Advancing Renewables Programme is open for new applications.
Applications for the International Engagement Program close 15 December 2017.
10 October 2019 – Australian Alliance for Energy Productivity (A2EP) received $460,500
Since the rise of coal in the industrial revolution, the heat has largely come from fossil fuels. Gas, coal and oil have underpinned much modern manufacturing, but renewable alternatives are emerging – particularly for lower temperature processes.
Now, as part of its newly-announced support for Australian industries to lower emissions, ARENA is providing $460,500 in funding to the Australian Alliance for Energy Productivity (A2EP) to help businesses make the switch to renewables.
The funding will support manufacturers to undertake feasibility studies into projects that will reduce emissions, lower energy bills and help to bring down the cost of new technologies.
04 October 2019 – Wave Swell Energy received $4,000,000
The funding will support Melbourne-based Wave Swell Energy to design, construct, install and operate a 200 KW UniWave device in shallow waters off King Island’s coast.
Wave Swell Energy CEO Dr Tom Denniss said he expects the project to be the first of many using their new way of generating electricity from the power of the ocean.
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