Clean energy cos call for protecting ARENA funding

Vestas turbines at Australia's Macarthur wind farm. Courtesy of Vestas Wind Systems A/S.

September 9 (SeeNews) - A number of clean energy companies have signed an open letter that calls on the Australian parliament to protect the funding of the Australian Renewable Energy Agency (ARENA).

About AUD 1.3 billion (USD 971m/EUR 883m) of the agency's grant funding is threatened by the federal government's budget savings bill.

Signatories to the open letter, which was released on Thursday by industry body the Clean Energy Council, include Vestas Wind Systems A/S (CPH:VWS), Xinjiang Goldwind Science & Technology (HKG:2208), First Solar Inc (NASDAQ:FSLR), Conergy, Infigen Energy (ASX:IFN), AGL Energy Ltd (ASX:AGK), General Electric Co (NYSE:GE) and Tesla Motors Inc (NASDAQ:TSLA).

"Investment confidence would be again undermined if one of the first moves of the new parliament is to cut funding to Australia’s key clean energy agency," says the letter.

The call for protecting ARENA's funding comes as the agency on Thursday announced the winners of its large-scale solar funding round that will support 480 MW of projects.

(AUD 1.0 = USD 0.747/EUR 0.679)

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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