It is expected that projects and initiatives funded through the RAR Initiative will contribute to the following outcomes: within five years, result in at least 150MW of renewable energy projects in off-grid and fringe-of-grid locations where fossil fuels are currently or would otherwise be used. This would include two or more ≥ 10MW projects the renewable energy capacity is appropriately utilised for at least five years following commissioning key roadblocks to the greater implementation of renewable energy are removed, including, but not limited to integration and control system risk, and low reliability perceptions regional communities and industry gain more skills in operating and maintaining renewable energy solutions knowledge produced and disseminated regarding the economic viability of renewable energy solutions in remote areas catalyses further commercially based renewable energy deployment. Guidelines section 1.6 PROGRAM FUNDING MODEL The RAR Initiative has up to $400 million to allocate as financial assistance to the I-RAR and CARRE programs. These funds are not specifically allocated to either program. The allocation of funds across RAR Initiative programs will be at the absolute discretion of ARENA. ARENA will enter into a Funding Agreement with a single lead party to receive funding for each project. Funding may be provided in the form of grants for capital expenditure, revenue support or other means as may be determined by the ARENA Board in accordance with the ARENA Act. There is no minimum or maximum funding available per project, subject only to the overall funding allocation. ARENA requires that every project will include co-investment, both cash or in-kind (or both), from sources other than ARENA or the Australian Government. Guidelines sections 1.11-1.14 REGIONAL AUSTRALIA’S RENEWABLES – INDUSTRY PROGRAM The Manual applies only to the I-RAR program under the RAR Initiative. The I-RAR program will contribute to the RAR Initiative objectives and outcomes by funding near-commercial generation or enabling technology (or both) to increase the uptake or long-term cost competitiveness of renewable energy. Projects must include demonstration and use of one or more renewable energy solutions and/or enabling technologies, including hybrid or integrated systems.
It is expected that projects and initiatives funded through the RAR Initiative will contribute to the following outcomes: within five years, result in at least 150MW of renewable energy projects in off-grid and fringe-of-grid locations where fossil fuels are currently or would otherwise be used. This would include two or more ≥ 10MW projects the renewable energy capacity is appropriately utilised for at least five years following commissioning key roadblocks to the greater implementation of renewable energy are removed, including, but not limited to integration and control system risk, and low reliability perceptions regional communities and industry gain more skills in operating and maintaining renewable energy solutions knowledge produced and disseminated regarding the economic viability of renewable energy solutions in remote areas catalyses further commercially based renewable energy deployment. Guidelines section 1.6 PROGRAM FUNDING MODEL The RAR Initiative has up to $400 million to allocate as financial assistance to the I-RAR and CARRE programs. These funds are not specifically allocated to either program. The allocation of funds across RAR Initiative programs will be at the absolute discretion of ARENA. ARENA will enter into a Funding Agreement with a single lead party to receive funding for each project. Funding may be provided in the form of grants for capital expenditure, revenue support or other means as may be determined by the ARENA Board in accordance with the ARENA Act. There is no minimum or maximum funding available per project, subject only to the overall funding allocation. ARENA requires that every project will include co-investment, both cash or in-kind (or both), from sources other than ARENA or the Australian Government. Guidelines sections 1.11-1.14 REGIONAL AUSTRALIA’S RENEWABLES – INDUSTRY PROGRAM The Manual applies only to the I-RAR program under the RAR Initiative. The I-RAR program will contribute to the RAR Initiative objectives and outcomes by funding near-commercial generation or enabling technology (or both) to increase the uptake or long-term cost competitiveness of renewable energy. Projects must include demonstration and use of one or more renewable energy solutions and/or enabling technologies, including hybrid or integrated systems.
140218-I-RAR-Info-Manual.docx