Business
New power source for nation’s renewable energy agency – Sydney Morning Herald
If solar and other clean energy supplies are so cheap, is there still a case for government support for the Australian Renewable Energy Agency?
Created by the Gillard government in 2012, ARENA will run out of money by the end of the year without a fresh infusion of funds. The Morrison government has also recently overhauled ARENA’s board prompting questions about whether it will continue to prioritise renewables.
Over the years, ARENA has pumped in $1.58 billion to support 543 projects with a total project value of $6.48 billion, it says. It would have backed more ventures if the Coalition hadn’t sliced about $1 billion from its initia…
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