Victoria to hold 650MW renewables auction, awards 138MW of solar contracts for Melbourne trams

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Legislation for the Victorian Renewable Energy Targets (VRET) will be introduced in parliament next week. Credit: Victoria Government

Victoria’s Labor government will hold a 650MW renewables auction and has awarded contracts for 138MW of large-scale solar plants to power Melbourne’s tram network.

The auction aims to procure power for the equivalent of 389,000 households, bringing AU$1.3 billion (US$1 billion) in investment and creating around 1,250 construction jobs over two years with 90 permanent jobs.

Meanwhile, the 100MW Bannerton Solar Park near Robinvale in the Sunraysia district and the 38MW Numurkah Solar Farm near Shepparton have both been awarded contracts requiring AU$198 million investment and generating around 325 jobs during construction.

The news came as part of legislation for the Victorian Renewable Energy Targets (VRET) that will be introduced in parliament next week. Victoria’s target is to hit 25% renewables by 2020 and 40% by 2025. It is estimated that the targets should result in Victorians saving around AU$30 a year, AU$2,500 for SMEs and AU$140,000 for large companies.

Premier Daniel Andrews said: “More renewable energy means more jobs for Victorians – that’s why we’re setting these ambitious targets and promoting investment in this growing sector.”

Minister for energy, environment and climate change Lily D’Ambrosio added: “Government investment will be capped to ensure the best value for money for Victorian taxpayers.”

Clean Energy Council chief executive Kane Thornton said the strategy would be useful in filling the gap after the closure of the Hazelwood coal-fired power plant, while also being likely to boost private investment in renewables.

Already 300,000 Victorians have rooftop solar according to campaign group Solar Citizens, which also welcomed the announcements.

Back in February, the Victoria government more than doubled the feed-in-tariff (FiT) rates for small-scale renewables in a move that was widely praised by PV advocates.

Read Next

May 11, 2021
The clean energy council has slammed the Australian government’s latest federal budget as “disappointing” for not placing more onus on expanding the country’s renewable energy capacity.
May 5, 2021
The Australian Renewable Energy Agency (ARENA) has selected three commercial-scale green hydrogen projects that will share in AU$103 million (US$79.7 million) of funding to support their development.
May 4, 2021
Canada-based renewables company Amp Energy will a develop portfolio of large-scale PV projects and battery energy storage systems as part of an AU$2 billion (US$1.55 billion) hub in South Australia.
April 28, 2021
South Australia saw record low daytime energy prices in the first three months of this year, driven by a sharp uptake in renewable power resources.
April 26, 2021
Lawmakers in Victoria, Australia, have unveiled a new solar aggregation pilot scheme, and have called for energy companies to become partners in the programme.
April 21, 2021
Australia’s airports have untapped potential to aid the country’s transition to renewable energy, according to a report from researchers at Melbourne’s RMIT University.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021