Renewable Energy Auction To Drive Jobs And Investment
24 November 2017
Victorian Government: The Andrews Labor Government is
holding the largest-ever
renewable energy auction to boost investment,
create new
jobs and drive down
electricity prices.
Minister for Energy, Environment and Climate Change Lily D’Ambrosio
today opened the competitive reverse auction that will deliver up to 650
megawatts (MW) of large-scale renewable energy for
Victoria.
Companies with an existing planning permit to build a renewable energy
facility can now bid for 15-year Support Agreements with the Victorian
Government.
These long-term contracts will create investment certainty to build new
energy generation projects and reduce wholesale electricity prices.
The auction is expected to drive up to $1.3 billion in new capital
expenditure, create 1,250 construction jobs and 90 on-going roles.
Most of the new jobs will be created in regional Victoria where wind and
solar projects are likely to be based.
The auction has been designed to bring forward projects that achieve the
highest standards of community engagement, benefit local economies and
represent value for money.
The Victorian Renewable Energy Targets will ensure 25 per cent of the
state’s electricity generation comes from renewable sources by 2020, and
increasing to 40 per cent by 2025.
Details of the tender process can be found at
www.tenders.vic.gov.au.
Information sessions will be held from late November. To register, visit
www.energy.vic.gov.au/renewable-energy/victorian-renewable-energy-auction-scheme.
Quotes attributable to Minister for Energy, Environment and
Climate Change Lily D’Ambrosio
“Renewable energy is key to Victoria’s future and we’re not wasting a
minute – to drive new investment, create jobs and cut electricity
prices.”
“This competitive auction will provide much needed certainty to the
energy industry, supporting new projects in regional Victoria.”
--ENDS--
Source: Victorian Government - www.premier.vic.gov.au
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