Major Auction for 10GW Renewable Energy

Published on October 20, 2024

Energy Minister Chris Bowen has unveiled a significant expansion in Australia’s renewable energy efforts, announcing a boost in the upcoming auction to secure 10 gigawatts (GW) of new energy projects by December 2029. Speaking at the Australian Financial Review’s Energy Summit, Bowen detailed the government’s plan to expedite Australia’s transition to renewable energy by increasing previous auction targets for dispatchable power and renewable generation. “We originally planned for 2GW of dispatchable renewable power and 4GW of renewable energy generation in the next two tender rounds,” Bowen said. “I’m announcing today that this auction will now be for 4GW of dispatchable power and 6GW of renewable generation.”...

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