Renewables Australia
The Government will establish a new independent innovation body — Renewables Australia — to promote the development, commercialisation and deployment of renewable technologies.
With initial Government funding of $465 million over four years, Renewables Australia will have the flexibility to promote new and existing renewable technologies. The new body will facilitate investment across the whole innovation chain, including investment in essential renewable‑related systems such as renewable energy transmission infrastructure.
Renewables Australia will support collaborative, high‑priority technology research with the ultimate aim of progressing new technologies and lowering the cost of existing technologies in the market place.
Renewables Australia will support growth in skills and capacity in renewable technologies whilst also forming important alliances with governments, industry and communities in promoting the development of renewable technologies.
The new body will be overseen by an expert board, ensuring that renewable technologies with strategic national importance are identified and properly supported.
Renewables Australia will create a significantly enhanced presence for Australia in the renewable technology field and will help prepare Australia for a low‑pollution economy.
