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About ARENA

This section explains ARENA and what we do. It covers our objectives, function and purpose, as well as how we responsibly invest taxpayers’ funds.

about-arena

Our role and activities

ARENA is the Australian Renewable Energy Agency, established by the Australian Government in July 2012. The Agency is a corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

ARENA was created by the Australian Renewable Energy Agency Act 2011 (ARENA Act), which sets out the Agency’s objectives and function.

Objectives

ARENA’s objectives are to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia.

Function

ARENA’s function is to provide financial assistance to projects that accelerate the transition of renewable energy technologies along the innovation chain, from research and development to demonstration and large-scale pre-commercial deployment activities. We also develop analysis and advice, and share information and knowledge on renewable energy and related technologies.

ARENA also provides advice to the Portfolio Minister on renewable energy and related technologies.

Purpose

ARENA’s purpose is to accelerate Australia’s shift to affordable and reliable renewable energy. The Agency’s core activities in 2017-18 to achieve that purpose fell into three categories:

  • supporting world-leading Australian research and development
  • fast tracking commercialisation of innovative technologies and business models
  • building knowledge and evidence to inform decision making.

In short, ARENA finds and funds the renewable energy innovations that have the best chance of guaranteeing Australia’s power supply for the future, helping to bring those projects to life, and then sharing the knowledge gained through the projects to inform and grow the whole industry.

ARENA’s objectives, function, purpose and activities for the reporting period are detailed in the Corporate Plan 2017-18 (Figure 3).

Figure 3: Summary of ARENA Corporate Plan 2017-18

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Performance

This section provides ARENA’s annual performance statement for 2017-18, which is required by the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and the Public Governance, Performance and Accountability Rule 2014 (PGPA Rule).

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