Australian Renewable Energy Agency chief executive Ivor Frischknecht has stepped down after six years, eschewing a third term in the position due to personal reasons.
A statement from federal energy minister Josh Frydenberg said Mr Frischknecht had overseen 320 projects that had attracted more than $3.5 billion of investment.
“Mr Frischknecht has helped to make ARENA a success by utilising his expertise in energy, innovation and early stage investment,” he said.
“Of significance ARENA has invested in the construction of 12 new large-scale solar farms, a variety of battery projects and the feasibility study for Snowy 2.0 during Mr Frischknecht’s tenure.”
He said the government had received sufficient notice of Mr Frischknecht’s intentions to step down in August so it could “allow a thorough search to be undertaken to find a suitable replacement and ensure a smooth handover”.
“I thank Mr Frischknecht for the contribution he has made in helping the Government to deliver a more affordable and reliable energy system as we transition to a lower emissions future,” Mr Frydenberg said.