Show Me the Money: Funding for Clean Energy Projects

CAPEX, finance or grants: One of these is necessary to undertake any project in your organisation. If no stakeholder provides funding, there is no project. This month we reveal the where and how of new funding for renewables and energy efficiency.

Funding is a limited resource so you need a compelling business case and a bankable project. We have many clients who are grateful that Enigin understands what a bankable clean energy project is, and prepared millions of dollars’ worth of successful business cases and grant applications. This month’s Electricity Rewired article gives insight into some of these.

Writing for Local Power this month, Sheena Ong explains how we at Enigin are ourselves a key stakeholder in funding solar projects by owning and operating the asset so clients get lower cost clean energy while avoiding risk, through solar PPAs.

Being the end of the quarter, funding is highly topical as budgets and plans for the new financial year are set. But there are also currently two significant funding opportunities for you, our clients:

1) $250M for Energy Efficient Community Housing loans from the federal government green bank, the Clean Energy Finance Corporation (CEFC): If you are a property developer or operator of community housing, contact us to find out how you can fund clean energy projects this year through the CEFC.

2) Debt and equity funding for renewables to power industrial processes from the Australian Renewable Energy Agency (ARENA): If you are developing or operating an industrial plant with large (typically gas) powered processes, now is the time to get in touch about obtaining funding to switch to lower operating cost renewables.

In other news this month, we announce a new partnership with Hella lighting and ferret out a great article reminding us why we invest in clean energy and efficiency in the first place, with Digital Lumens’ white paper on tracking energy to drive cost savings.

I wish you well in the run home to the end of the financial year – may you reach all your targets.

Have fun!