ARENA to receive USD 1.18bn in funding from Australian government

The Australian Renewable Energy Agency (ARENA) would receive AUD 1.62 billion (USD 1.18 billion/EUR 997 million) in funding from the Australian government.

The funding package will include guaranteed baseline funding of AUD 1.43 billion over the next ten years. ARENA has backed 543 renewable energy projects with AUD 1.58 billion. The agency has supported large-scale solar, grid-scale batteries, pumped hydropower, bioenergy, distributed energy technologies and hydrogen.

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