Apply for your CTIP Government grant by the end of May

15 Feb 2013Archived News Climate Change Matters

Don’t leave money on the table!

Energetics has been advising clients to seize the opportunity presented by the $1 billion Clean Technology Investment Program (CTIP) for some time.

Now that we have a date for the Federal election, there may be only three months left to access this pool of investment dollars, as we don’t expect a Coalition government to leave CTIP intact.

What’s the timeline? 

  • Federal election, 14 September
  • Five weeks prior, the government goes into caretaker mode. We can reasonably expect AusIndustry to cease signing new contracts once election writs are issued (10 August).
  • The lead time to assess applications and write contracts is currently at least 2-3 months.  There will be a large number of applications for AusIndustry to process, so more time may be needed.
  • Grant applications should be in by end May to have a reasonable chance of being processed in time.

Also don’t forget the opportunity to top up your grant with flexible financing offered by Low Carbon Australia/Clean Energy Finance Corporation. 

The grants assessment process is competitive and given the time limitation you will probably need expert advice.  Remember that 1/3 to 1/2 the cost of this advice can be re-couped from a successful grant.  Energetics also can offer services on a risk/reward basis.

Projects to consider include production improvement projects which deliver improved energy/unit output, energy efficiency through equipment/system replacement and lower carbon supply, ie cogeneration, biogas, solar, wind, biomass and other renewables.

With limited time to conclude Clean Technology Investment Program (CTIP) funding arrangements, it is more important than ever to have expert assistance to develop the proposition and supporting data to maximise the chances of success, with the minimum number of clarification iterations from AusIndustry.

The process we recommend for the development of a successful grant application is outlined below:

  1. Identify, screen and select energy savings opportunities.
  2. Supplier engagement and tendering. Evaluating technology options, assessing suppliers and obtaining quotes in order to meet internal capital expenditure requirements.
  3. Project evaluation and business case development. Your application needs to show technical and financial evaluation of savings, a true capital cost with energy and greenhouse saving forecasts, capital cost estimates based on formal quotes from equipment and technology vendors and a thorough capital budgeting financial (NPV) cash flow analysis.
    Energetics can financial analysis/modelling, integrating outcomes into your capital budgeting and/or evaluation approval process. We can provide an independent expert report and quantify greenhouse gas emissions savings.
  4. Grant writing. Grant applications need to meet the basic requirements of the AusIndustry SmartForm, and contain calculations and detailed evidence to convince an expert evaluation panel that project technical risks are minimal and manageable.
  5. Project delivery to meet requirements on award of grant funds.
  6. Measurement and verification. You need to meet the grant obligations and deliver accurate data on capital and operating costs, energy, carbon and financial savings associated with project measures. Independent M&V is essential for large grant applications. Energetics has a high proportion of all trained practitioners in the International Monitoring and Verification protocol.
  7. Energy procurement optimisation. Major energy savings can be achieved through your energy supply contracts, particularly through Contract Maximum Demand (CMD) charges. Once the CTIP project is complete you will have a detailed understanding of energy consumption, load profile and trends which will assist in securing the most competitive energy supply contracts possible.

Talk through the opportunities to win a CTIP grant and top-up financing that can cover a substantial part of a project’s cost, by contacting one of our CTIP team.

 

Join the conversation