Australian state of Victoria has selected 6 solar power plants with 623 MW combined capacity, accompanied by up to 365 MW/600 MWh new battery energy storage under its 2nd Victorian Renewable Energy Target Auction (VRET2).
With 623 MW capacity awarded, VRET has exceeded the minimum target of 600 MW renewable energy capacity targeted under the tender round that was launched in August 2021 (see 2nd VRET Auction Launched In Victoria).
Energy storage capacity accompanying the winning facilities will also help it meet its renewable energy storage target of at least 2.6 GW by 2030, the government added. Winning facilities will support efforts to keep electricity prices down and decarbonize the state as clean energy generated will be used to power schools, trains, hospitals and tram.
Projects selected in this round are identified as the following:
The administration estimates these facilities to create 920 direct jobs and bring in an investment of $1.48 billion. Strong local content requirements will lead to $1 billion of this being spent in local supply chains. Around 200 companies from Australia and the New Zealand will be involved throughout construction and operations.
Details of the winning projects are available on the website of Department of Environment, Land, Water and Planning (DELWP).
The government said these projects will support its commitment to achieve 100% renewable energy consumption for all government operations by 2025.
"Victoria surpassed its first Victorian Renewable Energy Target for 25% renewable electricity by 2020 – and we're well on our way to achieving our remaining targets of 40% by 2025 and 50% by 2030," it added.
Under VRET1 round, it selected 6 wind and solar power plants with 928 MW even though the tendered capacity was 650 MW. Solar accounted for 254.6 MW of the winning capacity (see Victoria Awards 928 MW New RE Capacity).