Australia’s Victoria Plans 600 MW RE Addition

Victoria Starts Market Sounding Process To Add 600 MW New Renewable Energy Capacity; Promises To Streamline Grid Connections
07:04 AM (Beijing Time) - 04. September 2020
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Having awarded 928 MW new renewable energy capacity in its 2017 VRET auction for 650 MW, Australia’s Victoria state government wants to explore interest in the industry for 600 MW new capacity additions. Pictured is the Melbourne cityscape in Victoria, Australia. (Photo Credit: www.goodfreephotos.com)

Key Takeaways

  • Victoria wants to ascertain interest in the state for 600 MW new renewable energy capacity
  • It has started a market sounding process to explore potential for clean energy procurement by energy reliant industries
  • Power generated is planned to be supplied to hospitals, schools, Melbourne’s train network and other government infrastructure and services

The Victoria state government in Australia is seeking interest from renewable energy industry and other businesses to add 600 MW of new renewable energy capacity in the state, power generated from which will be supplied to hospitals and schools, Melbourne’s train network and other government infrastructure and services.

Calling it a market sounding process under the Victorian Renewable Energy target (VRET), the state government said, it will enable it to test industry interest and capacity for new solar, wind and other renewable energy projects. The process will also help it explore potential for electricity reliant industries and businesses to buy renewable energy along with government.

The state government hopes that ‘renewable energy will help drive Victoria’s economic recovery from coronavirus’.

The country’s Clean Energy Council (CEC) has welcomed the market sounding process saying plans for a clean recovery should be a significant boost to the morale of all Victorians.

Targeting 25% renewable energy by 2020, 40% by 2025 and eventually becoming a net zero emitter by 2050, Victoria said it will continue to drive significant investment in Renewable Energy Zones (REZ) as well as expedite and streamline grid connections. The government said the state is on track to meet the 25% target.

Companies interested in participating in the VRET market sounding process can register on the website of the Department of Environment, Land, Water and Planning.

CEC Chief Executive Kane Thornton said, “It will be critical to ensure these projects can connect to the grid. We’re pleased to hear that the Victorian Government is supporting the streamlining of the grid connection process and also the development of the renewable energy zone model to ensure these projects can contribute positively to the grid while providing investor confidence.”

Back in 2017, the state government sought 650 MW of renewable energy through the first VRET auction when it ended up procuring 928 MW of renewable energy capacity, most of which comprised wind farms (see Victoria Awards 928 MW New RE Capacity).

Fellow state New South Wales is seeking 3 GW new renewable energy capacity under Central-West REZ for which it has attracted 27 GW capacity, and 8 GW for New England REZ out of 3 REZs planned by the state government (see 8 GW New England RE Zone In New South Wales).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani