1 ARENA Workshop Renewables for Industrial Processes.

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Contents of the Presentation

Presentation transcript:

1 ARENA Workshop Renewables for Industrial Processes

2 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

33 Australian Renewable Energy Agency $2.5 billion in funding to 2022 $330 million commitment target to June 2016 Established in 2012 to: Improve competitiveness of renewable energy technologies 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

4 ARENA Overview

5 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

6 ARENA Funding Priorities Currently focussed on five priority areas Integrating renewables and grids Integrating renewables and grids

7 Motivation for priority

8

9 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)?

10 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

11 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

12 THANKS FOR YOUR PARTICIPATION arena.gov.au ARENA at on Twitter Subscribe to updates: arena.gov.au/subscribe