The State Government has issued three calls for the next generation of renewable energy projects as part of the $150 million Renewable Technology Fund.

Investment Guidelines have been released and calls are now open for projects that will deliver clean, reliable and affordable power in the following categories:

  • Firming renewable generation - e.g. incorporating storage or other equipment into existing or pending wind or solar developments for increased inertia and system stability
  • Bulk energy storage - e.g. pumped hydro, compressed air, thermal storage or virtual power plants
  • Bioenergy - e.g. energy produced from agricultural wastes or by-products

Applications are open until 5pm on Thursday 28 September 2017, with successful applicants expected to be advised before summer.

The Investment Guidelines and call documents are available at www.ourenergyplan.sa.gov.au/opportunities

Background

In March, the State Government announced its $150 million Renewable Technology Fund as part of the energy plan South Australian Power for South Australians.

The fund comprises $75 million in grant funding and $75 million in loans or other forms of investment or assistance for eligible projects, to support private innovative companies and entrepreneurs.

A portion of the fund has already been allocated towards the grid-scale battery storage project currently being built by Tesla and Neoen near Jamestown.

Quotes attributable to Premier Jay Weatherill

South Australia is now firmly positioned as a world-leader in renewable energy technology.

We’ll soon be home to the world’s largest lithium ion battery at Jamestown and the ground-breaking solar thermal project at Port Augusta.

Now we’re looking for the next generation of renewable technologies and demand management technologies to maintain our global leadership.

We want to support innovative companies and entrepreneurs in a state that is nurturing cutting-edge technology.

I can’t wait to see some of the exciting projects which are accelerated as a result of investments from our Renewable Technology Fund.

Quotes attributable to Treasurer Tom Koutsantonis

South Australia has abundant renewable energy resources and technology in this area is advancing exponentially.

We have an opportunity to create investment and jobs in this space in South Australia for generations to come.

Above all else, our aim is to deliver clean, reliable and affordable power for all South Australians.