Growing our Clean Economy

Canberra is positioned to become an internationally recognised centre for renewable energy innovation and investment. Our dynamic, knowledge-based economy is in the heart of one of Australia's fastest growing regions for renewable energy investment.

The growth of our clean economy is underpinned by the Territory's renewable electricity target of 100% by 2020. It is also supported by the world-class technology, economic researchers and research facilities available in the ACT. These unique elements make the ACT a highly attractive location for renewable energy businesses.

There are many other advantages for renewable energy businesses to locate here, including the following:

  1. our highly skilled labour force and strong local business capabilities
  2. access to the Australian Renewable Energy Agency (ARENA) and government contracts
  3. an established network of renewable energy stakeholders and
  4. a community that strongly supports environmental initiatives.

Driving the development of the renewables industry in the ACT, the Territory's Renewable Energy Innovation Fund will provide $12 million of funding over 5 years to support Canberra based renewable energy companies. It will also attract new ventures to the Territory, and help develop new research and trades training opportunities and support the development of the CBR Renewables Precinct.

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