Emerging Renewables

The Government will invest an additional $40 million in emerging renewable energy technologies through the new Emerging Renewables program.

The program will deliver additional support for a range of cutting edge technologies that offer significant potential as future sources of large-scale base load power.

The $40 million cost of this initiative has already been provided for in the Budget through the Renewable Energy Future Fund.

The program will benefit renewable energy projects in technologies like wave energy and geothermal energy.

Wave energy offers significant potential as a concentrated and reliable source of renewable energy, with Australia having some of the best wave energy sites around the world. It is estimated that 1 million gigawatt hours of wave energy hits Australian shores annually.

Emerging Renewables - Fact Sheet