The new $10m Waste to Energy – Bioenergy Fund gives commercial and industrial firms across a wide range of sectors a big leg up when it comes to helping to save the planet.
The fund will support projects that create renewable energy from organic waste, that is to say, bioenergy. Energy types created in this way can include valuable commodities like electricity, heat, gas or liquid fuel. The program will support recipients to handle waste in an environmentally friendly way while reducing their operational costs, including energy bills.
How will the fund answer Victoria’s energy crisis?
Bioenergy will play a major role in supporting Victoria’s dual aspirations to halve organic waste from landfill by 2030 and increase the proportion of renewable energy generated in the state to 50% by 2030. Eligible waste streams will come from sectors like farming, food production, forestry, paper processing, hospitality, retail food outlets, wastewater etc.
The $10m fund is the biggest grant investment in bioenergy the Victorian Government has made to date. And they are encouraging as many eligible organisations as possible to apply for these grants. The fund offers many advantages to the community at large, including:
- reduce the barriers preventing investment in Victoria’s bioenergy sector
- creating new opportunities for regional development, including long-term employment
- providing additional revenue streams to primary producers.
What were the executive’s thoughts on the fund?
Interim Chief Executive Officer at Sustainability Victoria, Matt Genever said, “We look forward to encouraging new bioenergy projects which will not only help the resource and renewable energy sectors, but also offer a massive opportunity for regional investment and growth.”
It is also expected to deliver an additional 5,000 kW to Victoria’s renewable energy production while diverting organic waste from landfill. Applications for funding are open now and close on Friday 26 August. More information is available at this website.