The Australian government has launched its Capacity Investment Scheme (CIS) Tender 4, aiming to allocate an indicative target of 6 GW of renewable energy generation across the National Electricity Market (NEM).
The auction is Australia’s latest tender in its Capacity Investment Scheme (CIS) initiative, and it plans to allocate 2.2 GW of the capacity sought in New South Wales (NSW) and 1.4 GW in Victoria (including a maximum of 750 MW for solar and solar hybrid projects), and 300 MW each for South Australia and Tasmania. The remaining 1.8 GW will be open to eligible projects from all NEM jurisdictions able to submit bids. Awarded projects are expected to receive long-term revenue agreements over an agreed revenue ‘floor’ and ‘ceiling’ with the federal government. Project bids are expected to open on 13 December and announcement of the successful projects likely to be announced in October 2025.
Australia’s Capacity Investment Scheme (CIS) initiative seeks to develop 23 GW of additional renewable energy generation and 9 GW of dispatchable storage capacity by 2030 to support the government’s 82% renewable electricity target by 2030 and replace ageing coal power generation. Competitive tenders are planned to be conducted about every six months for the NEM and approximately every 12 months in the Western Australian Wholesale Electricity Market (WEM) until the end of 2026.
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