Renewable Manufacturing

Renewable Manufacturing

What Is Renewable Manufacturing?

Renewable Manufacturing offers up to $50 million to NSW-based businesses for projects focused on creating new or expanding existing manufacturing facilities that produce renewable energy components, driving towards a sustainable and innovative future in energy.

 

Background

The Renewable Manufacturing grant supports NSW-based manufacturers in advancing towards net zero emissions by enhancing their capacity for producing renewable energy components. This initiative also aims to cultivate a skilled workforce equipped for the future of sustainable manufacturing.

 

Objectives

The objectives of the Renewable Manufacturing are to:

  • Catalyse economic expansion across NSW.
  • Elevate the renewable energy supply chain’s capabilities.
  • Mitigate supply chain vulnerabilities, ensuring robust support for the renewable energy landscape.

 

Eligible Entities

Eligible entities for the Renewable Manufacturing are:

  • Australian-incorporated companies.
  • GST-registered entities with a valid ABN.
  • Organisations compliant with Australian employment and safety laws.

 

Eligible Expenditure

The eligible expenditure for the Renewable Manufacturing are:

  • Investments in new machinery or technology for renewable component production.
  • Costs associated with constructing or upgrading facilities dedicated to renewable manufacturing.

 

Eligible Activities

Eligible expenditure for the Renewable Manufacturing includes:

  • Establishing facilities for producing renewable energy components.
  • Enhancing infrastructure to increase renewable manufacturing outputs.

 

Funding

The initiative provides funding ranging from $5 million to $50 million for eligible projects, requiring applicants to match funding on a 1:1 basis, emphasising the initiative’s commitment to substantial collaborative investment in renewable manufacturing.

 

How to get Renewable Manufacturing

In order to get the Renewable Manufacturing grant, you will need to focus on:

  1. Detail Your Project’s Contribution to Renewable Energy: Clearly articulate how your manufacturing project will advance renewable energy technologies or components, such as solar panels, wind turbines, or energy storage solutions.
  2. Demonstrate Economic Growth Potential: Show how your project will stimulate economic growth within NSW, including the creation of jobs or enhancement of local supply chains.
  3. Expand NSW’s Renewable Supply Chain: Illustrate how your project will increase the capacity and capability of NSW’s renewable energy supply chain, potentially reducing import dependencies.
  4. Address Supply Chain Risks: Explain how your manufacturing facility or project will help mitigate risks in the supply chain for renewable energy components in NSW.
  5. Showcase Financial and Commercial Viability: Provide evidence of your project’s commercial strategy and financial viability, including a clear path to sustainability without ongoing government support.
  6. Highlight the Need for Government Support: Justify the necessity for government investment by demonstrating that the project would not proceed within the same timeframe, or at all, without this support.
  7. Matched Funding Commitment: Confirm your ability to match the grant funding on a 1:1 basis with non-NSW Government sources, showcasing strong financial backing and commitment to the project.
  8. Compliance with Eligibility Criteria: Ensure your entity meets all eligibility requirements, such as being incorporated in Australia, holding an ABN and being GST registered, and adhering to all legal and employment obligations.
  9. Prepare a Robust Application: Submit a detailed and well-prepared application, including all required documentation, project plans, and financial projections, by the specified deadlines.
  10. Engage with the Department: For any clarifications or additional information, proactively engage with the Department of Climate Change, Energy, the Environment, and Water, making use of their guidance and resources.

 

Timing

The closing date for the Renewable Manufacturing is 6 September 2024.

 

More information

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Guidelines

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