WA Clean Energy Future Fund

WA Clean Energy Future Fund

  • Applications remain open until 10 June 2024.
  • Grant size ranges from $100,000 to $4 million, with a maximum coverage of 25% of eligible project costs.

The Clean Energy Future Fund offers financial support to corporations for clean energy ventures in Western Australia. It aims to back innovative projects that yield substantial reductions in greenhouse gas emissions and deliver community benefits or promote widespread adoption of clean energy technologies.

Key Requirements

Grant size ranges from $100,000 to $4 million (exclusive of GST). A total of $21.7 million is allocated for grants over the next three funding rounds. The grant can cover up to 25% of eligible project costs.

Funds must be spent within 5 years. Payments are made by milestone in arrears upon completion and payment evidence.

The merit criteria focus on identifying projects with the greatest value for the funding sought. This involves assessing the benefits, likelihood of success, and demonstrated need for the grant.

Competitive projects must showcase significant value, strong potential for success, and a clear requirement for the funding.

What is eligible for funding?

Project eligibility criteria:
  1. Location: Projects must primarily occur in Western Australia.
  2. Clean energy project: Proposals must deploy technology reducing greenhouse gas emissions from stationary energy production or use, within legal limits.
  3. Prescribed funding limits: Funding sought should align with specified limits; exceptions over $4 million may be considered based on merit. Existing State Government funding counts toward the 25% maximum from the Fund.
  4. Timing: A Funding Agreement must be signed within six months of award notification, with project commencement within six months thereafter and completion within five years.

Applicants are required to disclose any intention to use Australian or State Government funding in their business case and application form. State Government support is capped at 25 per cent of the total project costs.

Eligible costs cover various areas including capital expenses for renewable energy and energy efficiency equipment, essential enabling equipment such as batteries and monitoring systems, non-equipment expenses like design and professional services, and project management and grant administration costs.

What companies are eligible for funding?

To qualify for funding, applicants must meet the following criteria:
  1. Incorporation: Applicants must be an Australian entity incorporated under the Corporations Act 2001 (Cth) or the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth), or be a local government entity, government research organisation, university, or a consortium with an eligible entity as the lead applicant.
  2. ABN and GST: Applicants must possess an Australian Business Number (ABN) and be registered for Goods and Services Tax (GST).
  3. Sanctions: Applicants must not be listed in the Australian trade sanctions consolidated list.
  4. Fit and proper persons: The management team members must be fit and proper individuals for engaging in the authorised activities, ensuring they have no disqualification by law, no conflicts of interest posing material risks to their performance, and possess the legal right to execute and manage the project under consideration.

Is this grant competitive or entitlement-based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

  • Industry analysis presentation
  • Competitor Analysis Presentation
  • Marketing and Sales Analysis Presentation
  • 3-5 year Cashflow Forecast
  • 3-5 year Balance Sheet Forecast
  • Cost-Benefit Analysis of Grant Funding
  • End-to-end grant application including information collating, analysis and application writing
  • CAPEX (Capital Expenditure) cost-benefit analysis
  • Stakeholder relations and Risk Mitigation Plans
  • Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.