The Australian Renewable Energy Agency is advising companies there is a ‘substantial risk’ the organisation could lose more funding

Companies planning to apply for grants from the Australian Renewable Energy Agency have been warned there is a substantial risk the organisation could suffer even bigger funding cuts in the May budget.

ARENA took the unusual step Wednesday of writing to stakeholders to advise that given the fiscal outlook and media speculation concerning the forthcoming budget on 13 May 2014, the future of ARENAs funding is unclear.