Australia Targets 6 Gw Of New Renewables in Largest Ever Tender
Australia's -largest-ever- tender for renewable energy will open in May, with the federal government targeting 6 GW of new solar and wind projects.
PV Magazine International 7:46 pm on April 22, 2024
The Australian government plans to launch its largest-ever renewable energy tender in May, aiming for 6 GW of new solar and wind projects to replace aging coal power generation. This is part of the federal government's Capacity Investment Scheme (CIS) which intends to deliver an additional 32 GW of capacity by 2030, including 23 GW of renewable energy generation and 9 GW of dispatchable storage. New South Wales will be the biggest beneficiary with at least 2.2 GW of new renewables for the state. The tender includes revenue certainty for investors to encourage new investment.
- Australian government to launch largest-ever renewable energy tender in May
- Target: 6 GW of new solar and wind projects
- Intended to replace aging coal power generation in National Electricity Market (NEM)
- Part of Capacity Investment Scheme (CIS), aiming for 32 GW of capacity by 2030
- Revenue certainty for investors to encourage new investment
https://www.pv-magazine.com/2024/04/22/australia-targets-6-gw-of-new-renewables-in-largest-ever-tender/