The RFP for the last round of contestable funding was for medium to large energy projects and closed on August 4. Successful applicants will be announced from November 2022.
The focus was to help medium to large energy users reduce carbon emissions linked to industrial processes where high emitting fuel sources like coal and natural gas are used – by supporting fuel switching and energy efficiency projects.
Providing co-investment through the GIDI Fund helps to get projects across the line, and happening faster, unlocking larger and earlier emissions savings. Switching to renewable energy, coupled with energy efficiency, also helps future-proof businesses.
The Request for Proposal (RFP) was the first milestone in the massive $650 million expansion of the Government Investment in Decarbonising Industry Fund (GIDI), included in the recently announced Climate Emergency Response Fund (CERF). The expanded GIDI investment will help deliver the Government’s Emissions Reduction Plan (ERP) and be administered by EECA over four years.
The GIDI Fund was launched in 2020 to accelerate the decarbonisation of industrial process heat – and is a partnership between Government and businesses
|RFP released and round opens:||Thursday, 9 June 2022|
|Applicant briefing session:||11am, Monday 20 June 2022|
|Deadline for questions:||5pm, Thursday 14 July 2022|
|EECA deadline to answer applicants’ questions:||5pm, Thursday 21 July 2022|
|Deadline for Proposals||5pm, Thursday 4 August 2022|
|Applicants notified of outcome:||From November 2022|
Minimum funding conditions for the previous round included:
- Total project costs must be at least $300,000
- Government co-funding for any project will be limited to a maximum of 50% of eligible project costs
- Applications for funding must be for the incremental capitalised project costs, not operating costs
- Projects must be fully commissioned and operational by 31 December 2025
As this round has closed, these documents are for reference only to allow planning for future rounds. Funding and eligibility criteria may change.
A briefing session for all interested applicants was held at 11am, Monday 20 June 2022.
Please email GIDIFund@eeca.govt.nz with any questions.
Decision making process for GIDI contestable funding
Applicant submits the response form
Applicant completes the RFP response form in full, including the required Financial Assessment Template, and submits this to EECA by the deadline.
The Applicant may be required to provide further information to EECA throughout the decision-making process.
EECA reviews proposals
EECA reviews proposals to ensure that the information provided is sufficient to proceed, in particular that the funding and Eligibility Conditions have been met.
Technical Advisory Group evaluates proposals
The Technical Advisory Group (TAG) evaluates performance of proposals against the funding and eligibility conditions. This will include undertaking robust financial and technical due diligence. The TAG prepares an evaluation report for the Assessment Panel.
Assessment Panel makes funding recommendation
The Assessment Panel takes into account the TAG’s evaluation report; the assessment criteria results; additional information or clarification sought and received from Applicants; and any other matters that the Panel considers relevant to applying the Investment Principles to the proposal.
The Panel will make funding recommendations to the EECA Chief Executive, EECA Board and the Minister Energy and Resources in accordance with EECA’s delegated authority framework.
The EECA Chief Executive, EECA Board, or the Minister of Energy and Resources are the decision-makers for the GIDI Fund and will decide which projects should be approved.
Final decisions will be made based on funding recommendations from the Panel and any further relevant advice received from the Panel (risks, issues or concerns).
Applicants are notified of outcome
Successful applicants are advised and will work with EECA to execute funding agreements. Unsuccessful applicants will also be advised.
What was in scope?
What was out of scope?
Projects focussed on:
For more detail on the scope of this round of contestable funding, see the RFP documents, above.
1Mobile plant used for industrial purposes will be eligible
Future expanded GIDI scope
While there will be a continued focus on industrial process heat this will sit alongside new initiatives such as assisting small to medium-sized businesses buy and install low emission, high efficiency electrical equipment; and assistance for commercial buildings to replace fossil fuel space and water heating with a lower-emissions alternative.
Outside of this first RFP funding round all new initiatives are undergoing programme design by EECA and will be available to the market in due course.
Explore alternative opportunities
We encourage you to check back for opportunities relating to the expanded GIDI Fund and explore the alternative EECA co-funding and support available.
Learn more about the breadth of EECA co-funding and support here
You can stay up to date on new opportunities by signing up for our EECA newsletter.
For more detailed FAQs, see the document, above.