Complex sentence: ARENA was set up to fund renewable energy projects and research and had an original budget of $3.2 billion over a number of years, created by consolidating ten earlier renewable programs and research and development projects.
Split into simpler sentences: ARENA was set up to fund renewable energy projects and research and had a budget of $3.2 billion. The Australian Renewable Energy Agency (ARENA) consolidates 10 earlier renewable programs and research and development projects.