{"id":36860,"date":"2020-01-29T05:35:22","date_gmt":"2020-01-28T19:05:22","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=36860"},"modified":"2020-01-29T05:35:22","modified_gmt":"2020-01-28T19:05:22","slug":"arena-renewables-funding-mb1385","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/","title":{"rendered":"Australian Renewable Energy Agency To Run Out Of Cash Soon"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-36861\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding.png\" alt=\"Australian Renewable Energy Agency\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding.png 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding-300x158.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding-1024x538.png 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding-768x403.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>The Australian Renewable Energy Agency (ARENA) will reportedly run out of money for new projects around the middle of this year. The Australia Institute says the organisation should be re-funded.<!--more--><\/p>\n<p>ARENA was established under a Labor Government in late 2011 with support from the Liberal-National Opposition. Liberal Shadow Minister for Energy and Resources at the time Ian Macfarlane said the Libs would &#8220;have established a structure perhaps even similar to this one&#8221; if they had been given the opportunity.<\/p>\n<p>The main objectives of <a href=\"https:\/\/www.legislation.gov.au\/Details\/C2016C00906\"> the Act<\/a> that established the agency were:<\/p>\n<ul>\n<li>to improve the competitiveness of renewable energy technologies; and<\/li>\n<li>to increase the supply of renewable energy in Australia.<\/li>\n<\/ul>\n<p>ARENA\u2019s functions include providing financial assistance for renewable energy technology research; the development, demonstration, commercialisation or deployment of renewables-based technologies and the sharing of related information.<\/p>\n<p>Since 2012, the agency has invested $1.46B in 486 projects with a collective value of $5.55B.<\/p>\n<p>Breaking the investments down:<\/p>\n<ul>\n<li>Solar PV: $654M<\/li>\n<li>Grid integration: $210M<\/li>\n<li>Solar thermal: $145M<\/li>\n<li>Hybrid: $109M<\/li>\n<li>Bioenergy: $105M<\/li>\n<li>Storage &#8211; Batteries\/PHES: $95M<\/li>\n<li>Ocean: $54M<\/li>\n<li>Geothermal: $42M<\/li>\n<li>Hydrogen: $46M<\/li>\n<\/ul>\n<h2>Global Benefits For Solar Energy<\/h2>\n<p>While some of its spending has been called into question here on SQ, <a href=\"https:\/\/www.solarquotes.com.au\/blog\/arena-consultant-reports\/\">particularly relating to consultants and hydrogen<\/a>, overall ARENA seems to have been a good deal. One of the technologies it supported was the development of <a href=\"https:\/\/www.solarquotes.com.au\/blog\/perc-solar-panel\/\">solar cell technology called PERC<\/a>. PERC tech was designed at the University of New South Wales and is now used in the majority of commercial solar cells globally.<\/p>\n<p>ARENA CEO Darren Miller has previously stated the agency&#8217;s most high-profile achievement has been to help reduce the cost of utility-scale solar power. While Australia may be a <a href=\"https:\/\/www.solarquotes.com.au\/blog\/australia-emissions-exports-mb1180\/\">Typhoid Mary of carbon emissions<\/a>, we do some pretty good stuff when it comes to clean energy that we share with others as well.<\/p>\n<h2>And Now, The End May Be Near For ARENA<\/h2>\n<p>ARENA&#8217;s legislation means the agency can&#8217;t make new investments beyond 30 June 2022, but The Australia Institute (TAI) says the nature of energy project planning means ARENA will effectively cease making new investments in mid-2020.<\/p>\n<blockquote><p>&#8220;The period from when a project sponsor first talks to ARENA to discuss funding, until financial close, when all the project contracts are signed, is known as the project cycle,&#8221; says TAI. &#8220;On complex projects, the project cycle is around 18 \u201324 months.&#8221;<\/p><\/blockquote>\n<p>The TAI is proposing a $230 million per year top-up for 2022-23 and 2023-24 so the agency can continue its work in the short-term while a long-term plan is negotiated. This additional funding could come from Consolidated Revenue, or from the earnings of the Clean Energy Finance Corporation. Unlike ARENA, the CEFC is not a grant-making body &#8211; it expects a financial return on its investments.<\/p>\n<blockquote><p>\u201cARENA has been essential in bringing down the cost of renewable energy in the last decade but its work is far from finished,&#8221; <a href=\"https:\/\/www.tai.org.au\/content\/460m-lifeline-needed-save-arena-build-australia-s-energy-future\">said<\/a> TAI&#8217;s Dan Cass. &#8220;The next renewable energy challenges for Australia are grid integration, storage and reliability, as well as new export opportunities in green hydrogen and zero-emissions electricity.&#8221;<\/p><\/blockquote>\n<p>TAI says the agency should also be allowed to broaden its investment capabilities to include energy efficiency, industry, transport and agriculture.<\/p>\n<h2>ARENA Popular With Pollies And The Australian People<\/h2>\n<p>While ex-Prime Minister Tony Abbott <a href=\"https:\/\/www.solarquotes.com.au\/blog\/arenas-existence-hangs-thread\/\">vowed to axe ARENA<\/a> back in 2014, the Federal Government has since been keen to associate itself with the agency&#8217;s successes (although it&#8217;s nibbled away at its funding on a couple of occasions). TAI says an analysis of Federal Ministerial media releases shows the Coalition Government made such mentions 149 times in the last six years.<\/p>\n<p>Polling commissioned by TAI in October 2019 indicated a majority of Australians believe ARENA should continue to be funded. Just 7% said the Government should shut it down.<\/p>\n<p>TAI&#8217;s case for cashing up ARENA again <a href=\"https:\/\/www.tai.org.au\/sites\/default\/files\/P777%20Fighting%20for%20ARENA%20[Web].pdf\">can be viewed in full here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Renewable Energy Agency (ARENA) will reportedly run out of money for new projects around the middle of this year. The Australia Institute says the organisation should be re-funded.<\/p>\n","protected":false},"author":17,"featured_media":36861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-36860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Australian Renewable Energy Agency To Run Out Of Cash Soon<\/title>\n<meta name=\"description\" content=\"ARENA will reportedly run out of money for new projects around the middle of this year. The Australia Institute says the organisation should be re-funded.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian Renewable Energy Agency To Run Out Of Cash Soon\" \/>\n<meta property=\"og:description\" content=\"ARENA will reportedly run out of money for new projects around the middle of this year. The Australia Institute says the organisation should be re-funded.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-28T19:05:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Australian Renewable Energy Agency To Run Out Of Cash Soon\",\"datePublished\":\"2020-01-28T19:05:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\"},\"wordCount\":643,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding.png\",\"articleSection\":[\"General Solar &amp; Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/\",\"name\":\"Australian Renewable Energy Agency To Run Out Of Cash Soon\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/arena-renewables-funding-mb1385\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/arena-funding.png\",\"datePublished\":\"2020-01-28T19:05:22+00:00\",\"description\":\"ARENA will reportedly run out of money for new projects around the middle of this year. 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ARENA was established in 2011 to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia. That's not my interpretation of its\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ARENA regulations change","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/arena-bowen-taylor.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/arena-bowen-taylor.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/arena-bowen-taylor.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/arena-bowen-taylor.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/arena-bowen-taylor.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":43275,"url":"https:\/\/www.solarquotes.com.au\/blog\/arena-funding-reactions-mb1688\/","url_meta":{"origin":36860,"position":2},"title":"ARENA&#8217;s New Funding: Reactions","author":"Michael Bloch","date":"September 18, 2020","format":false,"excerpt":"The Morrison Government yesterday announced new long term funding for the Australian Renewable Energy Agency - and an expanded focus that includes dabbling in fossil fuels. The Agency was established under a Labor Government back in 2011 with support from the Liberal-National Opposition. Its stated purpose is to: \"improve the\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ARENA funding","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/arena-funding.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/arena-funding.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/arena-funding.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/arena-funding.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/arena-funding.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":661,"url":"https:\/\/www.solarquotes.com.au\/blog\/carbon-tax-between-a-snog-and-a-hard-place\/","url_meta":{"origin":36860,"position":3},"title":"Carbon Tax: Between a Snog and a Hard Place","author":"Staff Writer","date":"October 14, 2011","format":false,"excerpt":"Unless you\u2019ve taken up residence under a rock somewhere in one of our sun-bleached deserts, you\u2019ll be aware that the House of Representatives successfully passed the government\u2019s controversial carbon legislation earlier this week. The minority Gillard government punted the bills through the Lower House with the support of the Independents\u2026","rel":"","context":"In &quot;Solar Policy&quot;","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4338,"url":"https:\/\/www.solarquotes.com.au\/blog\/arena-government-renewable-energy-agency-refuses-go-away\/","url_meta":{"origin":36860,"position":4},"title":"ARENA: the government renewable energy agency that refuses to go away","author":"Staff Writer","date":"December 15, 2014","format":false,"excerpt":"Remember ARENA? The plucky Australian Renewable Energy Agency that has helped many renewable energy ventures and research with seed funding and other support? The ongoing benefits of ARENA include not only financial support but also because their involvement has helped pave the way for research and development in partnership with\u2026","rel":"","context":"In &quot;Solar Innovations&quot;","block_context":{"text":"Solar Innovations","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-innovations\/"},"img":{"alt_text":"ARENA - the gift that keeps on giving.","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/12\/Fotolia_45450911_XS.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3653,"url":"https:\/\/www.solarquotes.com.au\/blog\/arenas-existence-hangs-thread\/","url_meta":{"origin":36860,"position":5},"title":"ARENA&#8217;s existence hangs by a thread","author":"Staff Writer","date":"May 20, 2014","format":false,"excerpt":"Well we knew it was going to be a horror budget didn't we readers? At least you couldn't accuse the Abbott administration of not warning us. For weeks we had the drumbeat of fear. The chant that the so-called \"age of entitlements\" was at an end (except for certain vested\u2026","rel":"","context":"In &quot;Solar Policy&quot;","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"wind farm and solar panels and a thread being cut","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/36860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=36860"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/36860\/revisions"}],"predecessor-version":[{"id":36863,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/36860\/revisions\/36863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/36861"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=36860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=36860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=36860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}