NSW to open following renewables, storage tender on May 22

May 19, 2023 11:55 AM ET
  • New South Wales will certainly introduce its second gigawatt-scale tender for renewable energy generation and long-duration storage capacity in the coming week, electricity and also gas systems supervisor AEMO Services revealed in accordance with the Aussie state's bigger energy change strategy.
NSW to open following renewables, storage tender on May 22

Monday, May 22, has actually been established as the opening day for the tender, the unit of the Australian Energy Market Operator (AEMO) claimed on Friday. The affordable round will certainly target around 950 MW of renewables manufacturing and 550 MW of battery projects supplying a minimum of eight hours of storage, yet extra could be awarded "if it is in the long-lasting financial interest" of customers.

The intended tender will certainly commence a few weeks after New South Wales completed its inaugural renewable resource auction that granted 1.4 GW of wind, solar and battery storage projects. The solicitations are being held under the state's Electricity Infrastructure Roadmap, which is planned to support the release of 12 GW of renewable and also 2 GW of long-duration storage capacity by 2030 with twice-yearly auctions.

The maiden tender was consulted with big interest, tempting bids for over 5.5 GW of wind as well as solar and also 2.5 GW of storage.

"We designed our tenders specifically to permit not successful proponents to submit subsequent proposals at minimal extra price to them," said AEMO Services' Chair Paul Moy. He mentioned that many of the non-winning projects in the first round are expected to enhance their offers and be successful in the 2nd tender edition.

Victors will certainly be provided 20-year lasting energy solution agreements (LTESAs).

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