Regional renewable energy projects to get funding through Regional Australia’s Renewables (RAR) initiative

ARENA Launches $400 Million Regional Renewable Energy Fund Design Build, By Marc Howe, 17 June 13, The Australian Renewable Energy Agency (ARENA) has launched a new $400 million fund which seeks to replace the usage of diesel in remote off-grid parts of the country with renewable energy options such as solar and wind power.

The Regional Australia’s Renewables (RAR) initiative seeks to create 150 megawatts in renewable energy capacity in remote locations over the next five years. The funding program specifically targets off-grid and fringe-of-grid areas in Australia, and in addition to rural communities could also apply to remote industrial operations such as mines.
The plan is already expected to lead to the creation of two large-scale renewable energy plants with capacities of at least 10 megawatts…..

Projects applying for funding from ARENA under the new program must generate at least one megawatt of capacity and come online by June 30, 2018. ARENA has indicated it may be willing to support standalone projects requiring investment in excess of $20 million, as long as they are “real gamechangers for renewable energy in Australia.”

Gray has also announced the launch of another ARENA-led initiative, which will direct $60 million in funds to the sharing of information and data and within the renewable energy industry in order to facilitate its expansion.http://designbuildsource.com.au/arena-launches-400-million-regional-renewable-energy-fund

June 17, 2013 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy

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