Australia’s largest tender for renewable energy is now open and the Australia Government is supporting private investment in 6GW of new renewable generation across the National Electricity Market.
Renewable projects can now bid to be part of the Reliable Renewables Plan which is delivering 32GW of new generation and storage into the grid by 2030 with the Capacity Investment Scheme.
This tender is the first in a series of six- monthly tenders and is about delivering energy where and when it’s needed.
This tender for projects will have a target completion date of 2027 and is expected to boost energy generation.
The Reliable Renewables Plan is supported by negotiations between the Commonwealth and states and territories, aimed at improving reliability and fast tracking the deployment of renewable energy projects.
As part of those negotiations, 2.2GW of the May tender has been allocated exclusively for NSW, 0.3GW for SA, 1.4GW for Victoria and 0.3GW for Tasmania. The remaining 1.8GW will be allocated across the National Electricity Market, including Queensland, to the most meritorious projects.
The first round of tenders for WA, targeting 500MW of storage will commence mid-year.
Projects will be selected through a two- stage process that takes into account a broad range of factors including value for money, timing for delivery, First Nations commitments and local community benefits.
Further information is now available.
