About ARENA
The energy sector is undergoing a profound and complex transformation as the shift to renewable energy gathers momentum.
Transitioning the electricity system to deal with an increasing share of renewables and different ways of operating is challenging, but it presents many opportunities to help businesses manage their energy costs as well as capture new sources of growth.
Electricity is only one component of the energy transition. Other sectors such as transport, heavy industry and the built environment are crucial in the pursuit of lower emissions and in ensuring Australia meets its international commitments.
There are many scenarios for the transition to a low emissions economy but technological development and innovation are part of almost every scenario.
Our expertise, deep understanding of the renewable energy sector and our willingness to fund innovative and ground-breaking projects mean we provide a pathway to commercialisation for many new technologies and businesses that would otherwise struggle to get off the ground or be potentially lost to overseas markets. We help them get on with the business of renewables.
At ARENA, we also actively identify and troubleshoot issues arising from the energy transition – from technological and commercial issues to regulatory and market barriers, and provide funding for projects that help solve these issues.
We undertake research and inform policy decisions, we bring together people from across the energy sector, government, startups and universities to collaborate with one another, and share their knowledge.
ARENA at a Glance
Infographic - The scale of our investment nationally since 2012
$1.46B invested, 486 projects, $5.55B value.
Download ARENA at a Glance (PDF 470KB)
Timeline
Scroll through our interactive timeline to view our achievements.
$228 million committed to 80 new projects
• Funded the first utility scale waste-to-energy facility
• Rollout of 60+ ultra-fast EV charging stations starts
• Funded four big batteries
• 11 projects funded to trial short-term forecasting at wind and solar farms
• $11.6 million committed to navigate the integration of distributed energy resources
$181.3 million committed to 86 new projects
$123 million committed to 35 new projects
$74.2 million committed to 28 new projects
• Advancing Renewables Program (ARP) launched
• $200 million Clean Energy Innovation Fund announced (with CEFC)
• Commissioned Australia’s first mine powered by renewables, off-setting 20 per cent of its diesel consumption
• 10 ARENA projects broke world records, achieving world or Australian firsts
$278 million committed to 48 projects
• $21.5 million committed to 12 solar PV research and development (R&D) projects
• Provided funding for installation of solar PV into 25 remote Indigenous communities
• Received UN Association of Australia World Environment Day Award
$85.2 million committed to 14 projects
• Launched the R&D Program
• ANU developed solar cells using nanoparticles that generate more electrical current than thin-film cells
$399.8 million transferred to ARENA across 96 projects
• Inaugural CEO, Ivor Frischknecht, appointed
• Managed a portfolio of more than 150 projects valued at $1.1 billion
• Launched four major initiatives totalling $560 million (I-RAR, CARRE, ASCI, SHARE)1
• Catalysed the creation of the large scale solar industry by providing $268 m to build a combined capacity of 211 MWAC across three solar farms
ARENA Act commenced providing ARENA with $2.5 billion in funding to invest until 2022
• Absorbs Australian Centre for Renewable Energy (ACRE) and the Australian Solar Institute (ASI), which includes the ERP, REVC Fund, ABIR Program, Gen 2 Biofuels Program, ACAP, ASTRI and Solar Flagships Program2
• Commits $824m to projects under programs absorbed (above)
Government announced the establishment of ARENA
1. I-RAR – Regional Australia’s Renewables Industry Program, ASCI – Accelerated Step Change Initiative, CARRE – Regional Australia’s Renewables Community and Regional Program, SHARE – Supporting High-value Australian Renewable Energy Knowledge
2. ERP – Emerging Renewables Program, REVC – Renewable Energy Venture Capital, ABIR – Advanced Biofuels Investment Readiness, Gen 2 – Second Generation Biofuels Research Development Program, ACAP – Australian Centre for Advanced Photovoltaic, ASTRI – Australian Solar Thermal Research Institute
ARENAWIRE Blogs
German energy leader brings Energiewende to Australia
ARENA recently brought the Managing Director of Germany’s Energy Agency to Australia to share her knowledge with our energy industry, and deliver a keynote speech at the Insights forum.
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ARENA looks to the future amid renewable boom
Armed with a suite of new investment priorities and faced with an increasingly complex energy transition, ARENA has spent 2019 investing in projects at the forefront of renewable energy innovation and technology.
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Business case for second Tasmanian interconnector found to stack up
A second interconnector with Tasmania is a step closer, with TasNetworks’ assessment of the business case finding a 1500 MW link is feasible and could begin operating as soon as 2027.
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