The Victorian Government’s new electricity purchasing power initiative will bring $200million of new investment in renewables.
The Victorian Government has launched a tender process to source renewable energy certificates from new projects in Victoria as part of their Renewable Energy Roadmap.
Minister for Energy and Resources, Lily D’Ambrosio, is calling for companies to register proposals for new renewable energy projects.
The Renewable Energy Roadmap initiative is expected to create around 1,000 direct and indirect jobs during the construction of the new projects, with most of the new jobs based in regional Victoria where wind and solar projects are located.
Under the program, the Government will use its electricity purchasing power to buy at least 100 megawatts of ‘renewable energy certificates’ from new Victorian renewable energy projects.
Certificates are credited to renewable energy companies for the power they produce under the national renewable energy target. Currently, electricity retailers include the certificate price in the amount they charge the Victorian Government for electricity.
By purchasing certificates directly from new Victorian wind and solar projects instead, the Victorian Government can use its purchasing power to drive new projects to be built in Victoria, and create jobs and investment in the state.
Companies need to register their interest by 11 December 2015, with tenders to open in January 2016.