Australia’s capital looks for major investment in renewables to meet 100% target
14 Nov 2019
Australia’s capital, Canberra, is set for a large-scale
to guarantee its 100 per cent renewables target into the mid-2020s.
The auction will open for bids on 15 November and remain open until early
2020. It will accept bids from any suitable renewable electricity source
that can provide up to 250 megawatts of capacity.
The Australian Capital Territory (ACT) is a major destination for
investment in world-class clean energy. To meet its existing energy target,
the ACT government has already attracted more than A$2 billion of
investment in large-scale renewables.
Currently, more than 100 megawatts of solar generating capacity is
operational within the territory, with four large solar farms within 30
minutes’ drive of central Canberra.
Australia’s largest community solar farm is under development at
Majura Valley. The three-hectare facility will consist of 5,000 solar modules,
generating power for approximately 250 Canberra homes.
The ACT is one of the fastest-growing areas in Australia, with an economy
expanding by 12% over the past three years. The population, currently
440,000, is also rising briskly.
The upcoming auction – which will be conducted as a reverse auction –
offers ten-year contracts. Successful bidders will be required to invest in
a grid-connected battery located in the ACT.
Successful bidders will also need to contribute to the ACT’s renewable
energy industry and engage with local communities.
To register for more information about the auction and receive notification
when the auction opens, email: email@example.com