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Victoria gets 3.5 GW bids in 650-MW auction - report

Wind farm in Victoria. Author: Ed Dunens.

April 12 (Renewables Now) - Victoria’s 650-MW renewable energy auction has attracted proposals for wind and solar projects with a combined capacity of more than 3.5 GW, the Australian state’s energy minister said today at an event.

Lily D’Ambrosio said, as cited by Australian clean energy news portal Renew Economy, that the reverse tender has attracted “overwhelming” response, stressing that the proposals are for projects that have secured approval and are ready to start.

At her speech at the event in Melbourne, hosted by the Committee for Economic Development of Australia (CEDA), D’Ambrosio also said her Labor government is not happy with the current National Energy Guarantee (NEG) plan of the federal government and is waiting to see more details.

In mid-October the federal government announced that Australia will not adopt a Clean Energy Target (CET) but will go for the “truly technology-neutral” NEG with two components -- a “reliability guarantee” which will ensure that energy retailers deliver enough dispatchable energy from coal, gas, pumped hydro and energy storage systems, and an “emissions guarantee”.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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