Global Trade Alert
Global Trade Alert

Australia: ARENA provides AUD 32.1 million to Rio Tinto and Sumitomo Corporation

Announcement

12 Jul 2023

On 12 July 2023, the Australian Renewable Energy Agency (ARENA) announced funding worth AUD 32.1 million towards a project by Rio Tinto and Sumitomo Corporation.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

12 Jul 2023

Revocation date:

No revocation date

Updated: 12 Jul 2023
Local value added incentive In force
The Australian Renewable Energy Agency (ARENA) financing is subject to the Australian Industry Participation (AIP) policy. This framework states that all programs enclosed in this policy must encourag...
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Implementation date

12 Jul 2023

Revocation date:

No revocation date

Updated: 12 Jul 2023
Financial grant In force

On 12 July 2023, the Australian Renewable Energy Agency (ARENA) announced the approval of an AUD 32.1 million (approx. USD 20.2 million) financial grant to Rio Tinto and Sumitomo Corporation. The f...

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