As demand for sustainable energy increases, Australia’s independent renewable energy agency has to choose to fund some projects over others – to varying degrees of success
As any punter will know, backing winners isn’t easy. There’s a little bit of science, a little bit of art and a whole lot of luck.
Australia’s independent renewable energy agency came into being in 2012 though an act of parliament, with a $2.5bn, 10-year mission to improve the affordability of renewable energy and increase its supply in Australia. It hasn’t been smooth sailing; this year Arena was facing a $1.3bn budget cut but this was commuted to a smaller but still significant $500m.
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