Our strategic approach
ARENA has the business acumen and industry knowledge to invest funds for the greatest impact. We apply commercial rigour to our funding decisions and ensure that each of ARENA’s activities is focused on achieving the objective and performing the functions stated in our legislation and business plans.
Table 1 demonstrates how we keep a line of sight from the ARENA Act through to the Annual Performance Statement in this Annual Report.
|
KEY DOCUMENTS THAT GUIDE ARENA'S STRATEGIC APPROACH |
WHAT EACH DOCUMENT DOES |
ELEMENTS OF ARENA'S STRATEGIC APPROACH |
|---|---|---|
|
ARENA ACT |
Sets out what ARENA was created to achieve (objective) and its functions |
Objective and functions |
|
PORTFOLIO BUDGET STATEMENTS |
Describes allocation of resources to ARENA and planned performance |
Government outcomes that ARENA contributes to and high-level performance measures |
|
ARENA GENERAL FUNDING STRATEGY |
Guides how ARENA provides financial assistance to eligible activities and sets out ARENA's investment priorities |
Investment principles and investment priorities |
|
ARENA INVESTMENT PLAN |
Details ARENA's investment priorities and explains how to apply for funding |
Investment principles and investment priorities |
|
ARENA CORPORATE PLAN |
Sets out what ARENA plans to do over the next four years to achieve its purpose |
Purpose, activities, outcomes and impact performance framework |
|
ARENA ANNUAL REPORT (INCLUDING APS) |
ARENA's annual progress report on how it has achieved its purpose |
Purpose, activities, outcomes and impact performance framework |
Visit
https://www.transparency.gov.au/annual-reports/australian-renewable-energy-agency/reporting-year/2018-2019-13