Victorian Renewable Energy Targets Reverse Auction

The first renewable energy auction in Victoria has had a fantastic result – with over 900MW of wind/solar energy to be generated as part of the Victorian Renewable Energy Targets.

Victorian Renewable Energy Targets Reverse Auction

A reverse auction was held to generate >650MW of energy. That goal has been hammered – with the auction ending up with 928MW of renewable projects to generate $1.1 billion of economic investment in regional Victoria and create more than 900 jobs, including 270 apprenticeships and traineeships. 

Victorian Renewable Energy Targets -The Hon. Lily D'Ambrosio MP (source: Wikipedia)
Victorian Renewable Energy Targets -The Hon. Lily D’Ambrosio MP (source: Wikipedia)

The six successful projects were announced by Victorian Premier Daniel Andrews and Minister for Energy Lily D’Ambrosio at the Ararat Wind Farm today. Premier Andrews discussed this 

“It’s simple – greater supply of renewable energy means lower power prices and more jobs for Victorian families.”

“We’re making Victoria the capital of renewable energy and supporting the thousands of local jobs it creates.”

Lily D’Ambrosio was similarly effusive in praising the project, even working in a little jab at the Liberals who were trying to ‘shut this industry down’:

“Renewable energy creates jobs, drives growth, and protects our environment – and most importantly, helps drive down power prices for Victorian households and businesses.”

“In contrast to the Liberals who tried to shut this industry down, we’re backing renewable investment and renewable jobs.”

Those six farms are:

  • Berrybank Wind Farm west of Geelong, which will produce 180MW
  • Carwarp Solar Farm south of Mildura, which will produce 121.6MW
  • Cohuna Solar Farm north-west of Echuca, which will produce 34.2MW
  • Dundonnell Wind Farm north-east of Warrnambool, which will produce 336MW
  • Mortlake South Wind Farm south of Mortlake, which will produce 157.5MW
  • Winton Solar Farm near Benalla, which will produce 98.8MW

According to the official press release on the Victorian Government website, more than $1.3b will be invested for solar panels, solar hot water, and battery schemes. This will help over 700,000 households via the Solar Homes scheme which will go ahead with a re-elected Andrews Labor government. 

If you’re interested in reading more about the solar battery rebates in Victoria please click. 

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