|Policy Type:||Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Loans, Research, Development and Deployment (RD&D)>Research programme >Technology development|
|Policy Target:||Framework/ Multi-sectoral Policy|
|Agency:||Department of Resources, Energy & Tourism|
|Funding:||AUD 26.6 million (Government: AUD 17.7 million, Private sector AUD 8.9 million)|
The Renewable Energy Equity Fund (REEF) has provided venture capital and managerial advice for small, innovative companies developing renewable energy technologies. The Australian Centre for Renewable Energy within the Department of Resources, Energy and Tourism has policy responsibility for the program while AusIndustry administers program delivery. The Commonwealth has allocated AUD 17.7 million, which has been matched by private equity on a 2:1 basis, amounting to a total of AUD 26.6 million over ten years of the program. The identification and management of investments has been undertaken by an independent fund manager. The program is closed for new applications.
|Related policies:||Renewable Energy Industry Development (REID) , Clean Energy Initiative|
Last modified: Mon, 12 May 2014 16:21:18 CEST