SURGE $20M Regional Community Renewable Energy Microgrid Fund
Surge's is currently closing a $20m Regional Community Renewable Energy Microgrid Fund to invest in the transition for regional communitiesr to migrate to renewable energy.
LOCATION
FUND TYPE
Australia
Energy As A Service
Criteria
Regional Community
The applicant must be a regional community or be directly involved in providing renewable energy solutions tailored to regional communities.
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Financial Stability
The applicant must demonstrate financial stability and the capacity to enter into a longer-term fixed-price energy as a service contract. This includes providing financial statements and projections supporting the applicant's financial ability to manage the project.
Australian Focus
The activities must primarily take place in Australia. Any expenditure outside Australia must be limited to 10% of the total project budget and justified as essential to the project's success.
Criteria
Legal Entity Type
The applicant must hold an Australian Business Number (ABN) and be an Australian entity incorporated under the Corporations Act 2001 (Cth). This includes:
• Private companies.
• Public companies.
• Partnerships.
• Trusts (where the trustee is a company).
• Sole traders.
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Funding Range
Individual grants are expected to range from $100,000 to $2 million, depending on the scope and scale of the proposed projects. The exact amount of funding awarded will be determined based on the project's potential impact, feasibility, and viability.
Who is SURGE
The Surge $20M Regional Community Energy Microgrid Fund ("The Fund"), is established to support the transition to renewable energy solutions for regional communities. This initiative, part of our commitment to sustainability, aims to help dairy farms reduce their dependency on fossil fuels, enhance energy efficiency, increase energy security and promote sustainability by implementing microgrid systems under an Energy As Service model.
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The Fund, a gateway to a greener future, will integrate various renewable energy technologies, such as solar, wind, energy storage, energy management and biogas, tailored to meet the specific energy demands of regional communities.
The fund, a aimed at supporting regional communities , is designed to empower them with the resources needed to install, maintain, and optimise renewable energy systems. This comprehensive support ensures a consistent and reliable energy supply, mitigating the risks associated with energy price volatility and supply disruptions. The fund, a testament to our commitment to regional communities, aims to facilitate its contribution to Australia's broader renewable energy goals by providing financial assistance and technical support.