In June 2009, the South Australian Government announced the Renewable Energy Fund to provide $10 million in each of 2009/10 and 2010/11 for supporting renewable energy investment in South Australia.
The creation of the Fund had a strong relationship with the Government’s decision to commit to a target of having one third of the State’s electricity generation coming from renewable sources by 2020.
The RenewablesSA Board was responsible for overseeing the Fund, in connection with its overall strategy for attracting renewable energy investment to South Australia, and making recommendations on disbursements from it.
The RenewablesSA Board was established in 2009 to drive the attraction of renewable energy investment in South Australia and provide advice on renewable energy policy development. The Board was supported in its role by a Commissioner for Renewable Energy.
The $20 million Renewable Energy Fund was closed to further application on 16 December 2011.
The term of the Board concluded on 30 June 2012.