Regional and remote communities will benefit from more affordable and reliable power under the Australian Government's plan to support the installation of microgrids - stand-alone power systems that can maintain a connection to the grid or operate off-grid. For more information see the IDTechEx report on Distributed Generation: Minigrid Microgrid Zero Emission 2018-2038.
The Regional and Remote Communities Reliability Fund will support up to 50 off-grid and fringe-of-grid communities to investigate whether establishing a microgrid is cost-effective and whether existing off-grid capabilities can be upgraded with modern technology.
The $50.4 million fund is part of the Government's plan for a stronger economy and will be open to applications from regional and remote communities in every state and territory.
The fund will unlock private sector and community investment in new generation and storage and enable new forms of ownership, taking proposals like the Daintree region project to investment stage.
As the cost of providing off-grid electricity continues to fall, in some cases it will be cheaper to provide off-grid supply rather than maintain and replace the long power lines that connect remote customers to the grid.
Moving some remote customers to off-grid supply could save hundreds of millions of dollars in network costs and reduce bushfire risks. Microgrids will also deliver more reliable supply to remote communities.
Where feasibility studies find that microgrids are economically viable, communities can upgrade existing diesel generation or take advantage of new local generation and storage opportunities. The fund will also guide communities towards additional support, including through the Australian Renewable Energy Agency and Clean Energy Finance Corporation.
Source: Australian Government
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Learn more at the next leading event on the topic: Business and Technology Insight Forum - Novi June 2019 on 10 - 12 Jun 2019 at Novi, Michigan, USA hosted by IDTechEx.