The Australian Centre for Renewable Energy (ACRE) was established to promote the development, commercialisation and deployment of renewable energy and enabling technologies and improve their competitiveness in Australia.
ACRE comprised three components:
- An independent, statutory advisory board—the ACRE Board.
- A statutory Chief Executive Officer—an ex-officio member of the ACRE Board.
- Staff of the Department of Resources, Energy and Tourism.
ACRE's key objectives were:
- developing and implementing a funding strategy capable of supporting projects along the innovation chain
- encouraging additional investments—including investments from the private sector and state and territory governments
- managing the cost effective delivery of government-funded renewable energy and enabling technology programs
- providing support and advice to governments, industry and the community on renewable energy and enabling technologies, strategies and related issues when requested
- fostering collaboration between governments, industry and the research community on renewable energy projects
- supporting growth in skills and capacity in renewable technologies for the domestic and international markets.
ACRE's policy and funding strategy were guided by its Strategic Directions (see Related documents below) document, which outlines the key initiatives that ACRE undertook, as well as articulating the principles and technology priorities that guided ACRE's funding support decisions and approach to the management of its initiatives.
ACRE commenced in October 2009 and was incorporated into the Australian Renewable Energy Agency (ARENA) on 1 July 2012.
Grants and funding
ACRE managed over $690 million of funding committed to support renewable energy and enabling technology development. The following ACRE programs have become the responsibility of ARENA: