Aussie Govt: 930MW NSW Firming Tender

• The Australian government has announced a Capacity Investment Scheme to increase renewables in New South Wales to 6 GW. The NSW Energy Roadmap's firming tender will increase from 380 MW to 930 MW and bids representing more than 3.3 GW have already been submitted. Final results announced by the end of September, with the next auction to be announced by October in South Australia and Victoria.

The Australian government has announced that it will support additional renewables in New South Wales through the Capacity Investment Scheme. This will raise the total size of the NSW Energy Roadmap's firming tender from 380 MW to 930 MW. Bids representing more than 3.3 GW of capacity have already been submitted and the final results will be announced by the end of September. The Capacity Investment Scheme is overall expected to facilitate 6 GW to support grid reliability and security, with the next auction to be announced by October in South Australia and Victoria.

Can 6GW of Renewables Support NSW Grid?

• The Capacity Investment Scheme is expected to increase the total size of the NSW Energy Roadmap's firming tender from 380 MW to 930 MW.
• It is estimated that the Capacity Investment Scheme could facilitate up to 6 GW of renewable energy to support grid reliability and security.
• The Capacity Investment Scheme is expected to open up new opportunities for renewable energy developers, as well as create new jobs in the renewables sector.
• The next auction to be announced by the end of October is expected to be in South Australia and Victoria.
• The Capacity Investment Scheme is likely to increase the share of renewables in the grid mix and potentially reduce the reliance on fossil fuels.
• The Capacity Investment Scheme is expected to improve the efficiency of the grid and reduce the risk of power shortages during peak demand periods.