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Federal Budget 2013-14

Category

News

Date

07 March 2013

Project

N/A

The Federal Budget announced changes that will re-profile ARENA’s annual allocation of funding to better fit with our investment plan and funding strategy. Our existing $3 billion in funding will be extended by two years to 2021-22.

A top-up in departmental funding will also allow ARENA to move from start-up phase to launching a suite of new programs and initiatives, which will provide further funding opportunities for renewable energy projects.

Money previously announced for investment in solar projects through the Education Investment Fund – which was connected to ARENA but administered by the Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education (DIICCSRTE) – will be reduced by $159.7 million and the funding returned to the Education Investment Fund.

More information
ARENA Budget Statements (PDF 66KB)