Australia's 6-GW renewables tender set to launch in May
- Australia's 6 GW renewable energy tender in May is the largest of its kind, supporting the National Electricity Market and targeting 32 GW of capacity nationwide. New South Wales leads with 2.2 GW reserved.
Australia will launch a 6 GW renewable energy tender in May, the largest single auction of its kind in the country. The tender will support the National Electricity Market and is part of the expanded Capacity Investment Scheme, targeting 32 GW of dispatchable and variable capacity nationwide. New South Wales will be the largest beneficiary, with at least 2.2 GW of capacity reserved for the state.
The tender will replace a planned generation Long-Term Energy Service Agreements tender in New South Wales, allowing projects to participate in the CIS round. Additionally, the state will hold tenders for long-duration storage infrastructure and access rights to its Renewable Energy Zones. Western Australia will also open tenders mid-year for 500 MW of dispatchable power through storage, as part of Australia's efforts to reach its 82% renewable energy target by 2030.
What are the details of Australia's upcoming 6 GW renewable energy tender?
- The 6 GW renewable energy tender in Australia is set to launch in May, making it the largest single auction of its kind in the country.
- The tender is part of the expanded Capacity Investment Scheme, which aims to target 32 GW of dispatchable and variable capacity nationwide.
- New South Wales is expected to be the largest beneficiary of the tender, with at least 2.2 GW of capacity reserved for the state.
- The tender will replace a planned generation Long-Term Energy Service Agreements tender in New South Wales, allowing projects to participate in the CIS round.
- In addition to the renewable energy tender, New South Wales will also hold tenders for long-duration storage infrastructure and access rights to its Renewable Energy Zones.
- Western Australia will open tenders mid-year for 500 MW of dispatchable power through storage, as part of Australia's efforts to reach its 82% renewable energy target by 2030.
