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Central Government/Public Sector | Not Classified - Australia | PID: 196229
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The government of the Australian state Victoria has issued a request for proposal (RfP) under the Second Victorian Renewable Energy Target Auction (VRET2) to develop at least 600 MW of renewable energy projects
The last date for the submission of bids is November 9, 2021. The list of successful projects is expected to be announced in the middle of 202
An industry briefing session will be held on September 8, 2021, to assist renewable energy developers to understand the VRET2 auction process, including eligibility and evaluation criteria
The projects are expected to attract $1 billion investment, create over 2,000 new jobs, and reduce power bills for every household and business in the state by putting downward pressure on wholesale power prices
The VRET2-supported projects will also help satisfy the state’s legislated renewable energy targets of 40% by 2025 and 50% by 2030 and meet the government’s commitment to sourcing 100% renewable electricity for all its operations by 2025
In addition, power generated by these renewable energy projects will satisfy the Victorian government’s power consumption for schools, hospitals, Melbourne’s train network, and several other government infrastructure and services
Australia is consistently moving towards clean energy sources of power. Last year, Australia’s Minister for Energy and Emissions Reduction, Angus Taylor, said that the government is expected to invest $18 billion through new investments in low-emission technologies over the next ten years to reduce carbon emissions. The Australian Renewable Energy Agency also received a funding package worth $1.62 billion from the government to enhance the utilization of low emission technologies to cut emissions across the chain
| Updated on: 01 - Sep - 2021
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