Australian Renewable Energy Agency (ARENA) is facing a huge funding cut of $1.2 billion as part of the budget omnibus the Federal Government wants to pass. It is responsible for providing seed funding for innovative renewable energy projects. The latest funding round has just been released. It features substantial seed funding for 12 major solar projects and builds on innovative seed funding for renewables projects in previous years.
According to the Guardian, "The only time in Australia’s recent history that research and development for renewables outstripped R&D for fossil fuels was when the Australian Renewable Energy Agency (Arena) began making grants to renewables in 2013, the study of International Energy Agency figures found."
