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Posted On: 07/29/2025 7:42:42 AM
Post# of 13908
Australia: Federal renewables subsidy scheme expanded to 40 GW
The federal government is scaling up its support for renewables, expanding its flagship Capacity Investment Scheme in a bid to accelerate Australia’s clean energy transition.
https://www.pv-magazine-australia.com/2025/07...-to-40-gw/
July 29, 2025 David Carroll
Australia’s Capacity Investment Scheme (CIS) will be expanded to support 40 GW of new solar, wind and dispatchable capacity as the federal government works to meet its target of 82% renewables by 2030.
Federal Energy Minister Chris Bowen is to announce that the CIS, which provides a guaranteed revenue floor for renewable generation and storage projects, will be increased by 25%.
The original design of the CIS called for 23 GW of new solar and wind capacity and 9 GW of dispatchable capacity, including battery energy storage. The expansion will support an additional 3 GW of new generation – enough to power more than one million households – and 5 GW of dispatchable capacity or storage – equivalent to supplying 4.6 million households with energy at peak times.
$SNPW AUSTRALIA LETS ROLLL
The federal government is scaling up its support for renewables, expanding its flagship Capacity Investment Scheme in a bid to accelerate Australia’s clean energy transition.
https://www.pv-magazine-australia.com/2025/07...-to-40-gw/
July 29, 2025 David Carroll
Australia’s Capacity Investment Scheme (CIS) will be expanded to support 40 GW of new solar, wind and dispatchable capacity as the federal government works to meet its target of 82% renewables by 2030.
Federal Energy Minister Chris Bowen is to announce that the CIS, which provides a guaranteed revenue floor for renewable generation and storage projects, will be increased by 25%.
The original design of the CIS called for 23 GW of new solar and wind capacity and 9 GW of dispatchable capacity, including battery energy storage. The expansion will support an additional 3 GW of new generation – enough to power more than one million households – and 5 GW of dispatchable capacity or storage – equivalent to supplying 4.6 million households with energy at peak times.
$SNPW AUSTRALIA LETS ROLLL
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