Australian Renewable Energy Agency

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Australian Renewable Energy Agency (ARENA)
Australian Renewable Energy Agency logo.jpg
Independent statutory authority overview
Formed1 July 2012 (2012-07-01) [1]
Jurisdiction Government of Australia
Employees90 (approx)
Minister responsible
Website arena.gov.au

The Australian Renewable Energy Agency (ARENA) is an independent agency of the Australian federal government, established in 2012 to manage Australia's renewable energy programs, with the objective of increasing supply and competitiveness of Australian renewable energy sources. [1]

Contents

Background

ARENA was established in 2012 as an independent statutory authority to manage the government's renewable energy programs. [1] Legal establishment came with the passing of the Australian Renewable Energy Agency Act 2011 (ARENA Act). [2] The legislation passed parliament in November 2011 with the support of the Australian Greens and the Liberal and National coalition opposition as well as the governing Labor Party. ARENA commenced operations on 1 July 2012. The agency resulted from negotiations within the Australian parliament under the Gillard government, with the intention of providing more secure funding for renewable energy programs in the context of political changes. [3]

While ARENA was created as part of the Clean Energy Future package together with the Clean Energy Finance Corporation, these are separate institutions. ARENA has consolidated various earlier renewable programs and research and development projects from the Australian Centre for Renewable Energy, the Australian Solar Institute and the former Department of Resources, Energy and Tourism. [3] [4] [5]

Responsibilities

ARENA was established with a total funding allocation of $3.2 billion out to 2020. In the 2013 budget the Labor government deferred $370 million of the agency's funding, extending the timeline to 2022. The subsequent Abbott government proposed to cut $435 million from ARENA's budget, followed by an additional $40 million, but has affirmed its support for the agency. [6] [7]

Operational activities

Investment priorities

ARENA supports the companies and institutions that are building Australia's future energy system.

ARENA's funding and investment plan lists its three investment priorities and addresses key areas that can help create a smooth transition to renewable energy.

Investment priorities -

Funding programs

ARENA carries out its mission via the following funding programs:

Projects

ARENA has committed to 486 projects investing $1.46 billion. Some of the projects include:

See also

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