South Australia’s $119m green tech fund calls for proposals

The vehicle is already backing Tesla’s 100MW grid-scale battery project, as part of the state’s $437m energy plan.

The government of South Australia is calling for green energy technology project proposals for its A$150 million ($119 million; €99 million) Renewable Technology Fund. 

The vehicle, which was launched in March as part of the state’s A$550 million energy plan, aims to support clean energy technology projects that help increase the system stability of existing renewable projects, bulk energy storage and bioenergy projects. 

The fund comprises A$75 million in grant funding and A$75 million in loans or other forms of investment or assistance for eligible projects. 

Investment guidelines are available on the state government’s energy plan website. Interested parties can apply by 28 September. If applications are successful, applicants will be advised before summer, according to state premier Jay Weatherill. 

A portion of the fund has already been allocated to a 100MW grid-scale battery storage project, which is currently being developed by Tesla and Neoen. The project, paired with Neoen’s 309MW wind farm, is set to be the world’s largest lithium-ion battery. 

South Australia is looking to ensure electricity security by increasing new local power generation, exploring for more gas supplies, as well as renewable energy generation and other technology solutions such as energy storage. The cost of delivering the plan was estimated at A$550 million.