$435 MILLION RENEWABLE ENERGY DEMONSTRATION PROGRAM OPENED FOR CONSULATION
Source: Australia. Minister for Resources and Energy. Media Release
"The Minister for Resources and Energy, Martin Ferguson AM MP, has announced the release of the draft Information Guide on the Renewable Energy Demonstration Program for public consultation.

Minister Ferguson said: "The $435 million Renewable Energy Demonstration Program (REDP) delivers one of the Government's key election commitments. It will accelerate the development and commercialisation of new renewable energy technologies in Australia by demonstrating these technologies on a commercial scale.

"The program aims to stimulate over $1 billion worth of investment in renewable energy technology, with the private sector contributing at least $2 for every $1 provided by the program. Funding will be subject to competitive, merit-based processes."