|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Research, Development and Deployment (RD&D)>Research programme >Technology development|
|Policy Target:||Energy Sector>Electricity Generation>Renewable|
|Agency:||Department of the Environment, Water, Heritage & the Arts|
|Funding:||AUD 54 million (for 5 years)|
The Renewable Energy Commercialisation Programme (RECP) is a AUD 55.6 million (over 5 years) competitive grants programme, launched under the revised "A New Tax System". It is designed to foster the development of a renewable energy industry in Australia and to assist with technology commercialisation. Two funding rounds are organised per year. Commercialisation grants vary between AUD 100 000 and 1 million. Projects are chosen for their strong commercial potential, contribution to diversification of the renewable energy industry and reduction of greenhouse gas emissions. Applicants must fund at least 50% of project costs. Funds under this component have been fully committed. Industry development grants are usually under AUD 300 000. Project applicants must not obtain significant individual financial or commercial benefits and project outcomes need to be disseminated to the wider Australian industry. Targeted at industry associations and community organisations this grant may address renewable energy market barriers, renewable energy resource assesment, standard setting and related topics. AUD 6 million of funding was allocated from RECP to the Renewable Energy Industry Development program.
|Related policies:||Renewable Energy Target , Biomass Energy Production Demonstration Project|
|This record is superseded by:||Renewable Energy Development Initiative|
Last modified: Mon, 12 May 2014 16:22:07 CEST