Operis’ Post

Budget Summary - Industry Incentives As flagged leading into the release of Budget 2024-2025, the Federal Government is seeking to play a more direct and interventionist role in the establishment and development of industries it sees as critical to Australia’s future as a key plank of its Made in Australia policy. The Prime Minister summed up the new approach in a speech on 11th April where he stated “We recognise that for Australians to fully share in the rewards, Government needs to be prepared to use its size and strength and strategic capacity to absorb some of the risk." The spoils of this policy initiative won’t be widespread, as it will be targeted at the following sectors: - Hydrogen - Critical Minerals - Clean Energy Technologies - including Solar Panel and Battery manufacturing - Quantum A summary of the Incentives announced in the Budget include: - Critical Minerals Production Tax Incentive providing a $7 billion production incentive via a 10 per cent credit. - Hydrogen Production Tax Incentive offering up to $6.7 billion in support via a $2 incentive per kilogram of renewable hydrogen produced for up to ten years per project. - Hydrogen Headstart = $1.3 billion additional investment to support the existing program. - Solar Sunshot Program* allocating up to $1 billion to develop Australia’s solar photovoltaic manufacturing capabilities. - Battery Breakthrough Initiative, providing $532 million in support for this sector. - Future Made in Australia Innovation Fund with $1.7 billion to support new industries around green metals and low carbon liquid fuels. - ARENA receiving an additional $1.9 billion to continue its investments in commercializing renewable energy technologies. - Quantum sector receiving a $466.4 million investment to establish the world’s first commercial‑scale quantum computer in Brisbane, in partnership with the Queensland Government and Quantum firm PsiQuantum*. *announced prior to Budget

Section 12BA - renewable energy tax deduction - I've often pondered whether National Treasury accurately estimated its impact on the SA fiscus. While I wholeheartedly support the decision, it's important to consider the fiscal implications. Thoughts? #RenewableEnergy #TaxDeduction #NationalTreasury #SouthAfrica https://lnkd.in/dgHERzrH

Anyone interested in the how Tax Equity works for clean energy projects should enjoy this quick read from the American Council on Renewable Energy. Lot's of great information in a short article. Follow the link below for the article. https://lnkd.in/gfz5AkPi

Interview: Daniela Lazea, Partner at Biriș Goran SPARL, talked to us about the growth in renewable energy and industrial investment in 2024 and the potential for the transaction market to outpace last year ► https://lnkd.in/dkcgpVbA #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends

If you have debt and part of a global renewable energy group, here we distil some of the key insights of the new thin cap rules relevant to your industry

Transferable tax credits for green energy projects is revolutionizing renewable energy financing — here is a great article from Thomson Reuters that breaks down what CFOs need to know. https://lnkd.in/g5EWepDq

Check out our latest article for renewable energy companies on the implication of thin capitalisation rules. Aliece Graham

By offering a variety of #taxcredits, grants, and rebates, the #InflationReductionAct incentivizes the adoption of renewable energy technologies and energy efficiency upgrades. Learn the key types of credits offered under the Act. #AskMarcum #EnergyEfficiency

By offering a variety of #taxcredits, grants, and rebates, the #InflationReductionAct incentivizes the adoption of renewable energy technologies and energy efficiency upgrades. Learn the key types of credits offered under the Act. #AskMarcum #EnergyEfficiency

By offering a variety of #taxcredits, grants, and rebates, the #InflationReductionAct incentivizes the adoption of renewable energy technologies and energy efficiency upgrades. Learn the key types of credits offered under the Act. #AskMarcum #EnergyEfficiency