introduction – arena and investment priority overview
DESCRIPTION
Introduction – ARENA and Investment Priority OverviewTRANSCRIPT
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ARENA WorkshopRenewables for Industrial Processes
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Content
ARENA overview• Investment priorities
Renewable energy for industrial processes• Motivation for investment priority• ARENA’s role• Projects of interest to ARENA
Today’s Workshop
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Australian Renewable Energy Agency
$2.5 billionin funding
to 2022
$330 million commitment target to June
2016
Established in 2012 to:
Improvecompetitiveness
of renewable energytechnologies
Increase supply of renewable energy
in Australia
$1.1 billion committed
to date
230 supported projects
41 completed projects
Independent Board works to the ARENA Act 2012 Investment & market orientated Board CEO and CFO Public Private Hybrid
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ARENA Overview
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ARENA Overview
Investment gap:• ARENA support helps
to bridge the investment gap and reduce investment risk, address barriers for projects with real market prospects in the short to medium term
Bridging the gap
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ARENA Funding PrioritiesCurrently focussed on five priority areas
Integrating renewables and grids
Integrating renewables and grids
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Motivation for priority
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Motivation for priority
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ARENA’s role
Structured grant funding to: • Reduce investment risk • Leverage other investment
Subsequent information and knowledge sharing to:• Address real and perceived barriers• Accelerate path to commercial adoption without subsidy
What other role(s)?
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Projects of interest to ARENA
Targeting innovative projects with potential to catalyse further similar projects
• Pre-commercial deployment or demonstration stage• Technically or commercially innovative• Not already demonstrably commercially viable
ARENA funding structured to overcome investment gap. Can be:
• Support for expanded feasibility studies• Support for incremental capital cost • Contingent funding for project risks
Contributions (cash or in-kind) from project sponsors
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Today’s workshop
Want expansive and innovative discussions• Don’t feel restricted by ARENA requirements
Presentation of industry experiences• International and local• Understand the value proposition of renewable energy
Discussion about renewable energy for industrial processes
• Needs• Barriers and solutions• Integration approaches
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THANKS FOR YOUR PARTICIPATION
arena.gov.au
ARENA at LinkedIn
@ARENA_aus on Twitter
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