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Help for Tasmanian businesses to invest in renewable energy

Tasmania launches $30 million Renewable Energy Loan Scheme

The Renewable Energy Loan Scheme (RELS) will assist eligible businesses to purchase and install renewable energy generation facilities or manufacture renewable energy technology.

The loan scheme includes low-interest loans under the $30 million Renewable Energy Loan Fund announced in the 2010-11 Tasmanian State Budget and associated top-up grants (capped at $100,000) to assist with the commercial viability of eligible projects.

Applications will be assessed on a competitive basis and approval of loans may depend on the availability of funds. The scheme will be open until 30 June 2014 and subject to an annual review.

Applicants should contact Business Point on 1800 440 026, or email - businesspoint@development.tas.gov.au

The program guidelines can be downloaded from the Department of Economic Development and the Arts (DEDTA) website.