1 ARENA Workshop Renewable Energy for the Australian Dairy Industry

2 Content ARENA overview Investment priorities Renewable energy for industrial processes Motivation for investment priority Motivation for Dairy Industry Focus ARENA’s role Projects of interest to ARENA Today’s Workshop

33 Australian Renewable Energy Agency $2.5 billion in funding to 2022 $330 million commitment target to June 2016 Established in 2012 to: Improve competitiveness of renewable energy technologies Increase supply of renewable energy in Australia $1.1 billion committed to date 230 supported projects 51 completed projects Independent Board works to the ARENA Act 2012 Investment & market orientated Board CEO and CFO Public Private Hybrid

4 ARENA Overview

5 Investment gap: ARENA support helps to bridge the investment gap and reduce investment risk, address barriers for projects with real market prospects in the short to medium term Bridging the gap

6 ARENA Investment priorities Currently focussed on five priority areas Integrating renewables and grids Integrating renewables and grids

7 Motivation for priority

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9 Interest in dairy manufacturing

10 Interest in dairy manufacturing

11 Promotion of priority – industry engagement Industry workshops Brisbane, Sydney, Melbourne and Perth Targeted sector workshops Dairy industry workshop Ongoing direct industry and state engagement Industry associations State / Territory governments

12 Promotion of priority – digital communications New ARENA infographic Launched this week at Explains why ARENA sees this as important, what we’ve funded to date, what renewables might work for what temperature and what we’re looking to fund. Promoted through ARENA news item, LinkedIn and on Twitter. Infographic & graphic assets to be available on Pinterest. Third in the series of infographics promoting ARENA’s five investment priorities. All available via

13 ARENA’s role Structured grant funding to: Reduce investment risk Leverage other investment Subsequent information and knowledge sharing to: Address real and perceived barriers Accelerate path to commercial adoption without subsidy What other role(s)?

14 Projects of interest to ARENA Targeting innovative projects with potential to catalyse further similar projects Pre-commercial deployment or demonstration stage Technically or commercially innovative Not already demonstrably commercially viable ARENA funding structured to overcome investment gap. Can be: Support for expanded feasibility studies Support for incremental capital cost Contingent funding for project risks Contributions (cash or in-kind) from project sponsors

15 Today’s workshop Want expansive and innovative discussions Don’t feel restricted by ARENA requirements Presentation of industry experiences International and local Understand the value proposition of renewable energy Discussion about renewable energy for the Australian dairy industry Needs Opportunties Barriers and solutions Integration approaches

16 THANKS FOR YOUR PARTICIPATION arena.gov.au ARENA at on Twitter Subscribe to updates: arena.gov.au/subscribe