Global Trade Alert
Global Trade Alert

Australia: Approval of AUD 35 million grant to AGL by ARENA

Announcement

19 Dec 2023

In December 2023, the Australia Renewable Energy Agency (ARENA) announced a financial grant to AGL of AUD 35 million for the development of a 500 MW / 1'000 MWh grid-forming battery.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

19 Dec 2023

Revocation date:

No revocation date

Updated: 19 Dec 2023
Local value added incentive In force

On 19 December 2023, the Australian Renewable Energy Agency announced that it had approved financial support towards AGL Energy Limited for the development of a new 500 MW/ 1000 MW battery. This tr...

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Implementation date

19 Dec 2023

Revocation date:

No revocation date

Updated: 19 Dec 2023
Financial grant In force

On 19 December 2023, the Australian Renewable Energy Agency (ARENA) announced funding worth AUD 35 million (approx. USD 23.6 million) to AGL Energy Limited as part of the Large Scale Battery Storag...

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