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What is the aim of Renewable Energy Development Program?

April 26, 2017aim Development program renewable energy

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What is the aim of Renewable Energy Development Program?

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The aim of the Renewable Energy Development Program (RED) is to support renewable energy technologies which generate electricity or displace grid electricity use in NSW. It provides $40 million over five years. All projects must generate electricity or displace grid electricity use in NSW for stationary energy purposes. The Renewable Energy Development Program provides funding for the demonstration and early commercialisation of new renewable energy technologies.