Renewables for industry
Ernst & Young (EY) has been commissioned by the Australian Renewable Energy Agency (ARENA) to undertake an evaluation of ARENA’s impact and effectiveness. This report presents the findings from an evaluation of the effectiveness of ARENA in achieving its objectives under the Australian Renewable Energy Agency Act 2011 (the Act).
To undertake this evaluation EY specifically considered:
- The effectiveness of ARENA’s activities in achieving its legislated objectives of improved competitiveness of renewable energy technologies and increased supply of renewable energy
- The impact of ARENA’s investment on the Australian renewable energy sector, the energy transition and the broader Australian economy
- The efficiency of ARENA’s processes (i.e. grants processes, project management and delivery).
The evaluation has applied a ‘mixed-methods’ approach designed to address 22 evaluation questions and to analyse the various sources of data available. The evaluation has been conducted through desktop research and economic input/output modelling. It has also drawn on the findings of previous evaluations of individual ARENA programs and stakeholder research undertaken by EY Sweeney.