Victoria honors 623 MW of solar plus 600 MWh of storage space

• The government of Victoria, Australia, today announced the winners in its 2nd renewable energy auction, assigning 623 MW of solar and 365 MW/600 MWh of energy storage space projects to be developed throughout 4 Renewable Energy Zones (REZ).

The effective projects in the Second Victorian Renewable Energy Target (VRET2), launched in September 2021, will altogether cause the manufacturing of near to 1,460 GWh of renewable power every year, equal to the power consumption of some 300,000 households. The awards cover six solar (PV) as well as 4 large-scale battery systems, which will certainly get 10-year assistance.

The suggested capacity will be mounted across four zones in Western Victoria, the Murray River, Central North as well as Gippsland. Minister for Energy Lily D'Ambrosio kept in mind that the winning schemes will certainly open 920 straight jobs as well as will bring AUD 1.48 billion (USD 948.4 m/EUR 967.8 m) in financial investment.

Via the VRET auctions, the Aussie state seeks to support its goal for 100% eco-friendly electricity for federal government procedures by 2025, as well as the statewide target of 50% of renewables by 2030. The granted storage space projects, on the other hand, will help the state double its existing battery storage space capacity and back the recently introduced targets for an energy storage space fleet of 2.6 GW by 2030 and also 6.3 GW by 2035.

In the first round of the programme, Victoria selected projects amounting to 928 MW-- three wind farms with an integrated capacity of 673.5 MW and 3 solar farms amounting to 254.6 MW.