The Australian Centre for Renewable Energy

Country	Australia
Year Implemented	2009
Policy Status	Superseded
Date Announced	May 2009
Agency	•Department of Resources, Energy and Tourism
Funding	AUD 700 million
Related Policies	Renewable Energy Fund Clean Energy Intiative Geothermal Drilling Program Second Generation Biofuels Research and Development Program Renewable Energy Equity Fund
Policy Superseded by	AREA
Policy Type	•Incentives/Subsidies   •Grants •RD & D   •Research Programme     •Technology Deployment and Diffusion   •Technology Development
Policy Target	•Multiple Renewable Energy Sources   •All   •CHP   •Heating   •Power
Policy Sector	•Multi-sectoral Policy
Size of Plant Targeted	Small and Large
Description	The Australian Centre for Renewable Energy (ACRE) is part of the AUD 5.1 billion Clean Energy Initiative. The Centre is a new body to promote the development, commercialisation, and deployment of renewable energy technologies and enabling technologies. ACRE is overseen by a specialist board with expertise in research, venture capital, intellectual property and commercialisation. ACRE takes over management of grants awarded under the Renewable Energy Demonstration Program, the Geothermal Drilling Program, the Second Generation Biofuels R&D Program, the Wind Energy Forecasting Capability Program, the Advanced Electricity Storage Technologies progam and the Renewable Energy Equity Fund. ACRE will furher implement the new Renewable Energy Venture Capital Fund, Australian Biofuels Research Institute and the Emerging Renewables Program.
URL	www.ret.gov.au/energy/energy%20programs/cei/acre/Pages/default.aspx