On 26 July 2020, the State Government announced an additional $10 million funding as part of the COVID-19 economic recovery plan. Royalties from future unconventional onshore oil and gas projects in Western Australia may be directed to the Fund for future funding rounds.
Fund objectives and priorities
The Fund provides funding for the implementation of innovative clean energy projects in Western Australia that offer high public value through contributing to one or more of the following outcomes:
- Significant, cost-effective reduction in greenhouse gas emissions below projected (or baseline) emissions as a direct result of the clean energy project.
- Design, deployment, testing or demonstration of innovative clean energy projects likely to deliver community benefits or lead to broad adoption and significant reductions in greenhouse gas emissions.
The Minister for Environment and Minister for Energy determine priorities for the fund. The current Ministerial priority is:
- Innovative clean energy projects at significant facilities in regional and remote Western Australia.
*Regional and remote Western Australia means facilities that are at the fringe of, or are not connected to, the South West Interconnected System or the North West Interconnected System.
*Significant facilities are those that meet, or are expected to meet, facility-level reporting thresholds under the National Greenhouse and Energy Reporting Act 2007.
The Fund is focused on projects near the investment-ready stage so that our funding can secure tangible emissions reduction, but we will consider earlier-stage applications.
Projects likely to succeed because of funding are more attractive than projects that are likely to proceed even without funding, or projects with significant risk of failing even with funding.
How to apply
Round 1 applications closed on 13 July 2020. The associated documents can be found on the Round 1 page. Note that there may be changes to these documents for Round 2. The timing for Round 2 has not been finalised. To be notified when round 2 information is available, subscribe for email updates below.