Statement of preparation
I, Martijn Wilder AM, on behalf of the Board, and in my capacity as the accountable authority of the Australian Renewable Energy Agency, present the Annual Performance Statement of the Agency covering the 2018–19 financial year as required under paragraph 39(1)(a) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act). In my opinion, the Annual Performance Statement is based on properly maintained records, accurately reflects the performance of the entity, and complies with subsection 39(2) of the PGPA Act.
ARENA's purpose
ARENA was established by the Australian Renewable Energy Act 2011 (ARENA Act) to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia.
Our purpose is to accelerate Australia’s shift to affordable and reliable renewable energy.
Performance framework
ARENA’s performance is assessed against the measures published in the Portfolio Budget Statements and Corporate Plan.
The following text, tables and performance case studies provide performance results for each measure and an analysis of what these results indicate about ARENA’s performance in achieving its purpose.
About this Annual Performance Statement
This Annual Performance Statement has been structured to reflect the fact that the contributions particular activities or projects make to ARENA achieving its purpose occur over different timeframes. These timeframes reflect the earlier investment decisions and the multi-year nature of ARENA-funded projects and activities.
Section 1: Context
Sets the context for assessing our performance in 2018-19 and explains why this Annual Performance Statement focuses on ARENA’s contribution to improving the security and reliability of the electricity system.
Section 2: Performance Case Studies
Presents an assessment of the outcomes and impact that ARENA achieved in 2018-19 through performance case studies that draw on qualitative performance information to show how ARENA achieved its purpose.
The case studies cover three different approaches to improving security and reliability in the grid. Each case study describes the need for action, ARENA’s activities and the benefits generated by ARENA’s activities and ARENAfunded projects.
Section 3: Core activity areas
Presents the results achieved in three core activity areas: funding, knowledge sharing and collaboration. The section presents results for both activities and outcomes.
ARENA ACT |
OBJECT To improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia |
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PORTFOLIO BUDGET STATEMENTS |
OUTCOME 1 Support improvements in the competitiveness of renewable energy and related technologies and the supply of renewable energy by administering financial assistance, developing analysis and advice about, and sharing information and knowledge with regard to, renewable energy and related technologies |
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CORPORATE PLAN |
PURPOSE To accelerate Australia's shift to affordable and reliable renewable energy |
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ACTIVITIES |
OUTCOMES |
IMPACT |
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ANNUAL PERFORMANCE STATEMENT |
Putting our performance in 2018-19 in context |
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Performance Case Studies |
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Core activity areas - activities and outcomes |
ACTIVITIES |
OUTCOMES |
IMPACT |
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What we do to achieve our purpose and how efficiently we do it All timeframes FY18-19 to FY21-22 except where stated |
The direct results that our activities will produce All timeframes from FY18-19 to FY21-22 |
The enduring, positive change that we will contribute to Timeframes as stated1 |
Provide financial assistance and leverage private investment2
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More solutions for delivering secure, reliable and affordable energy and increasing the value provided by renewable energy
Improved competitiveness of renewable energy technologies
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Increase in supply of renewable energy From 2018 Ongoing improvements in the competitiveness of renewable energy technologies From 2018 Secure, reliable and affordable electricity system with a significantly higher share of renewable energy From 2018 Increase in employment in renewable energy activities From 2018 Improvements in energy productivity enabling achievement or exceeding of targets in the National Energy Productivity Plan From 2022 Commercial-scale export value chains in renewable energy established By 2030 |
Administer financial assistance
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Jointly manage Clean Energy Innovation Fund with the Clean Energy Finance Corporation
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Provide information, advice and knowledge to advance renewable energy
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Industry and government better informed to navigate the energy transition
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Collaborate with, and facilitate collaboration between, other persons, organisation and governments (including international collaborations)
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Increased collaboration on energy innovation
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Note:
Activities and outcomes to be reported by investment priority, focus area, technology, location, sector, innovation stage, proponent type (where relevant)
1 Specified timeframes indicate when we would expect to see impacts occurring. Includes impacts from ARENA activities and outcomes prior to 2018-19
2 Unbold text describes an activity, outcome or impact
3 Bold text describes a performance measure; [Squarebrackets] describe targets
4 Ratio of ARENA funds committed to third party funds invested
5 Innovation stage denotes studies, R&D, demonstration, deployment
6 Reported as projects completed or terminated
7 Ratio of CEFC funds invested to third party funds invested
Visit
https://www.transparency.gov.au/annual-reports/australian-renewable-energy-agency/reporting-year/2018-2019-65