Western Australia is introducing a new industrial lease incentive program to attract large-scale clean energy projects to the state, boosting job creation and economic growth.
- $160 million incentive pool for large-scale clean energy projects
- Program will facilitate establishment in WA's strategic industrial areas
- Incentives expected to support billions in investment and thousands of jobs
Western Australia is introducing a new industrial tenancy incentive scheme to attract large-scale clean energy ventures to the state, boosting job creation and economic growth.
The program, announced at the Energy Transition Summit, will provide approximately $160 million to incentivise projects within WA's Strategic Industrial Areas (SIAs).
Recognising the challenges faced by pioneers in the SIAs, the scheme aims to support foundational projects that are critical to the state's future.
Participants will benefit from lease rebates and rent waivers for a specified period, with eligibility extended to projects in designated SIAs.
Projects with a capital investment of more than $1 billion are eligible to apply, with investment decisions to be finalised by 30 June 2028.
Applicants must secure an SIA land allocation from the Industrial Lands Panel or enter into a lease option prior to consideration under the scheme.
Over the past two years, the WA Labor Government has allocated land for 14 major projects under SIAs, representing a total investment potential of $104 billion and promising significant employment opportunities.
For more information on SIAs, visit https://siawa.com.au