Australian Government managing billion dollar investment in renewables

The Australian Government is committed to encouraging positive technological advances through the significant taxpayer investment in renewable energy projects made under the banner of the Australian Renewable Energy Agency (ARENA). Industry Minister Ian Macfarlane today announced new Board arrangements to oversee the more than $1 billion in public investment in existing ARENA projects. Through ARENA, Australian taxpayers have invested $1 billion in a suite of renewable energy projects, which has also attracted another $1.8 billion in private investment. The investments have been made in almost 200 projects across all stages of the innovation chain from research in the laboratory to large scale technology demonstration projects.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Fwww.minister.industry.gov.au%2Fministers%2Fmacfarlane%2Fmedia-releases%2Faustralian-government-managing-billion-dollar-investment&collection=releases&rank=18&auth=qpTj2vzl5ARmMXxtfMQTHA

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