New Grants

The Victorian Government is now seeking construction of a large-scale electricity generator which utilises solar energy. To be eligible for consideration, the generation project in question must:
• Be located in Victoria;
• Generate a minimum of 330GWh per annum of electricity from solar energy for a period of at least 20 years. Hybrid systems are eligible to apply but only the electricity generated by the solar component will be counted towards this target; and
• Demonstrate financial support from each of the Australian Government and the private sector that is equal to or greater than the amount of financial support sought from the Victorian Government.

The intention of the Victorian Government is to fund a single project – i.e. it is not anticipated that multiple projects will be funded through this process. The form and nature of the project, however (ownership structure, technologies employed, physical location(s)) are open to negotiation.

The Victorian Government does not intend to:
• recover funds extended to the project (except in limited circumstances);
• acquire equity in the electricity generator resulting from the project;
• acquire ownership of any intellectual property associated with the project;
• demand surrender of Renewable Energy Certificates (RECs) associated with the
generation asset(s) once operational; or
• enter into a Power Purchase Agreement (PPA) or hedge contract with the project owners in relation to the electricity associated with the generation asset(s) once operational. Rather, the Government will be funding, on a grant basis, the construction of an electricity generator which best meets the criteria specified in this RFP.

More detail about the large scale solar electricity generation plant requirements.

The closing time and date for submission of RFP Responses is 3.00pm AEST 25 September 2009

If you are interested in finding out how Treadstone can assist you in developing a proposal call 03 90163575.

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