The WA Government will invest a further $10 million towards the Clean Energy Future Fund, adding to the $9 million initially invested, as part of the WA Recovery Plan.
Clean energy innovators can apply for funding between $250,000 and $2 million for each clean energy project.
The second round of funding will be open to a broader range of projects, including mining operations and community groups. Government is in the process of developing guidelines, which will be released later this year.
The Clean Energy Future Fund was established to support the development of innovative clean energy projects in Western Australia.
Applications for the first round of funding are now being assessed on their capacity to reduce greenhouse gas emissions, their potential for wider adoption, scalability, and ability to create jobs in WA.
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WA Environment Minister Stephen Dawson said it’s important that Western Australia’s economic recovery works hand-in-hand with reducing the state’s emissions and protects the state’s environment.
“The Clean Energy Future Fund supports the McGowan Government’s aspiration to achieve net zero greenhouse gas emissions by 2050,” Mr Dawson said.
“It also supports Western Australia’s low carbon transition by facilitating individual clean energy projects and accelerating technology innovation and broader adoption.”
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Energy Minister Bill Johnston said Western Australia is blessed with an abundance of clean energy resources and world-class energy innovators.
“The Clean Energy Future Fund will help businesses and investors accelerate the State’s clean energy transformation and create jobs in one of the world’s fastest growing sectors,” Mr Johnston said.
“The McGowan Government’s Energy Transformation Taskforce will position WA to take full advantage of the new energy technologies supported by the fund and provide cleaner, more reliable and affordable power to all Western Australians.”
The successful applicants for the first round of funding are expected to be announced later this year. Applications for the second round of funding will open in 2021.