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Boost for Australian Renewable Energy Projects

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Wednesday, June 12th, 2013

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The Australian Renewable Energy sector is set to receive a boost with the announcement that the Australian Renewable Energy Agency (ARENA) will invest $400 Million in a new fund for  renewable energy projects in regional Australia. The aim of this fund is to build 150MW of renewable projects within five years.

The regional renewable energy fund is only  one of a number of initiatives announced by ARENA on Friday, including funding up to six separate stand-alone projects – with a minimum cost of more than $20 million – as long as the projects have the promise of introducing “game changing” technologies.

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