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Our energy sector is rapidly transforming as we move to low-emission, renewable energy sources to achieve our economy-wide 2045 net-zero emissions goal.

Victoria will legislate updated renewable electricity targets of:

  • 65% by 2023
  • 95% by 2035.

This provides investment certainty to attract new energy projects, technologies and companies to the state.

Businesses and industries are key to providing the investment and technology we need to transition.

We are helping businesses seeking to invest in the state’s clean energy future by:

  • supporting renewable energy projects
  • promoting investment opportunities
  • building local skills and supply chain capability.

Investing in Victoria's new energy technology sector

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Victoria’s priority renewable energy subsectors

To achieve our ambitious renewable energy targets, including 95% renewable electricity generation by 2035, we will need to rapidly deploy a variety of technologies across eight key subsectors:

Investor resources

  • Victoria’s new energy technology investment prospectus – outlines the investment opportunities arising from Victoria’s energy transition and encompasses an introductory Overview Pack, as well as a pack for each subsector outlined above.
  • Overview of the Victorian network connection and approval processes – explains the process for connecting to the grid.

These documents are available on request by emailing the Business and Industry Engagement team

We also work closely with Invest Victoria and Global Victoria – the state trade network, to recruit new companies to Victoria and help local companies export.

Page last updated: 13/02/24