The Australian Government has launched a tender to develop 6 GW of renewable capacity across Australia, which is the country’s largest single auction to date. The tender is the first one from a series of half-yearly auctions to be held under the Australia’s expanded 32 GW Capacity Investment Scheme (CIS). Bids can be submitted until 1 July 2024.
The state of New South Wales will be the largest beneficiary of the tender round with 2.2 GW of the capacity on offer. Around 1.4 GW will be allocated to Victoria, while Tasmania and South Australia will each get 300 MW. The remaining 1.8 GW is designated for projects across the National Electricity Market, including Queensland. The first round of tenders for 500 MW of storage capacity in Western Australia will commence mid-year.
In addition, New South Wales has simultaneously invited bids for the development of up to 1 GW of battery storage capacity in the state, which will be able to deliver at least eight hours of long-duration storage. New South Wales aims to reach 2 GW of batteries in operation by 2030.
At the end of 2023, Australia had a power capacity of 106 GW, of which solar accounted for 32%, and wind for 11%; solar accounted for 16% of total power generation in 2023 and wind for 11%.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.