6-518: 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. The Australian Renewable Energy Agency (ARENA) resulted from negotiations within the Australian parliament under
12-752: The Gillard government (June 2010–June 2013), with the intention of providing more secure funding for renewable energy programs in the context of political changes. Legal establishment came with the passing of the Australian Renewable Energy Agency Act 2011 (ARENA Act), which passed parliament in November 2011 with the support of the Australian Greens and the Liberal and National Coalition opposition as well as
18-802: The Australian Centre for Renewable Energy, the Australian Solar Institute, and the former Department of Resources, Energy and Tourism . The Solar Sunshot program, announced by prime minister Anthony Albanese in March 2024, is a A$ 1 billion fund that delivers grants and production credits to manufacturers of solar panels, to increase the number made in Australia. (As of March 2024, 99% are imported.) The scheme will be run by ARENA. Provision will also be made to manufacturers of other components needed to create renewable energy, and
24-540: The governing Labor Party . ARENA was established in 2012 as an independent statutory authority to manage the government's renewable energy programs, and commenced operations on 1 July 2012. 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
30-761: The scheme is part of a plan to provide jobs for those workers currently employed in the coal industry. The new industries will be created in Portland and the Latrobe Valley in Victoria , and Wollongong and the Hunter Region in NSW. 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
36-595: 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. ARENA carries out its mission via the following funding programs: ARENA has listed its three investment priorities and addresses key areas that can help create a smooth transition to renewable energy: ARENA has committed to hundreds of projects (as of March 2024, investment A$ 2.25 billion). These include: Australian federal government Too Many Requests If you report this error to
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