Victoria, Tasmania Secure 1.7 GW in Renewable Energy Tender

• Victoria and Tasmania secure 1.7 GW in Australia's renewable energy tender, paving the way for increased clean energy deployment and meeting national targets by 2030.

Victoria and Tasmania are guaranteed 1.7 GW in Australia's upcoming renewable energy tender, with 1.4 GW reserved for Victoria and 300 MW set aside for Tasmania. The competitive bidding process is set to begin on May 16, with the tender opening for bids on May 31. This will be the largest single renewables auction under the country's expanded Capacity Investment Scheme (CIS) of 32 GW.

The Australian government aims to support further renewables deployment and reach its 82% renewable energy target by 2030 through the CIS programme. The pilot CIS auction last November awarded over 1 GW of dispatchable power in New South Wales, and regular competitive tenders are planned every six months until 2027. Other states like New South Wales, Western Australia, and South Australia have also received specific allocations, leaving Queensland as the only state without a guaranteed capacity in the upcoming tender.

What are the details of Australia's upcoming renewable energy tender?

• The upcoming renewable energy tender in Australia will guarantee 1.7 GW of capacity, with 1.4 GW reserved for Victoria and 300 MW set aside for Tasmania.
• The competitive bidding process is scheduled to begin on May 16, with the tender opening for bids on May 31.
• This tender will be the largest single renewables auction under the country's expanded Capacity Investment Scheme (CIS) of 32 GW.
• The Australian government aims to support further renewables deployment and reach its 82% renewable energy target by 2030 through the CIS programme.
• The pilot CIS auction last November awarded over 1 GW of dispatchable power in New South Wales, and regular competitive tenders are planned every six months until 2027.
• Other states like New South Wales, Western Australia, and South Australia have also received specific allocations in the upcoming tender.
• Queensland is the only state without a guaranteed capacity in the upcoming tender.