Applications for round 3 of the Government Investing in Decarbonising Industry Fund (GIDI) open on September 14.
Applicants have until October 18 to submit their proposals, with successful projects expected to be announced in the first quarter of 2022.
Successful projects from the Fund’s second round will be announced soon by Minister for Energy and Resources Dr Megan Woods.
EECA CEO Andrew Caseley said, “We’re delighted by the calibre of the successful projects approved to date for GIDI Funding support, and the appetite shown by the applicants including many of the country’s largest energy users to develop ambitious roadmaps to bring their emissions down. These projects will deliver high value carbon abatement across many high emitting sectors and promote clean and clever energy use within their industries.”
What you need to know for round three:
- Applications for round three open 0n September 14
- The RFP specifies a cap of 50% co-funding for projects, with exceptions made only where projects deliver significant emissions reductions and/or co-benefits.
- The Fund is competitive with $69m available across the three Rounds (two completed)
- Successful applicants will need to have either done or will do within 6 months an EECA Energy Transition Accelerator, or demonstrate their own commitment to a suitably equivalent carbon reduction pathway.
- Round three projects will need to be completed by 31 March 2024
How to apply
Details of the fund, and all required documents, can be found at:
About the Government Investment in Decarbonisation (GIDI Fund)
The GIDI Fund is a partnership between Government and business to accelerate the decarbonisation of industrial process heat and contribute to the COVID-19 recovery by stimulating the domestic economy and supporting employment.
Process heat makes up around a third of New Zealand’s overall energy use, and 60% of process heat is fossil-fuelled, mainly by gas and coal.
EECA (The Energy Efficiency and Conservation Authority) administers the GIDI Fund on behalf of the Government through a contestable process that will see $69M of capital grants co-investment made available across three rounds to support good projects.
The Fund is available to New Zealand-based private sector businesses who have committed to decarbonising their business and industrial processes, where Government co-investment will help remove barriers to accelerating their decarbonisation goals.