Introduction – ARENA and Investment Priority Overview

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ARENA WorkshopRenewables for Industrial Processes

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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

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Australian Renewable Energy Agency

$2.5 billionin funding

to 2022

$330 million commitment target to June

2016

Established in 2012 to:

Improvecompetitiveness

of renewable energytechnologies

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

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ARENA Overview

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ARENA Overview

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

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ARENA Funding PrioritiesCurrently focussed on five priority areas

Integrating renewables and grids

Integrating renewables and grids

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Motivation for priority

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Motivation for priority

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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)?

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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

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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

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THANKS FOR YOUR PARTICIPATION

arena.gov.au

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@ARENA_aus on Twitter

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