Announced as part of the Victorian Budget 2020/21, the package will create renewable energy hubs across the state, improve crucial grid infrastructure, decarbonise our energy system, drive down emissions and support more Solar Homes.

The package include $540 million to establish 6 Renewable Energy Zones to unlock new renewable energy investment that will support economic growth and jobs, and ensure Victoria meets its 50 per cent renewable energy target by 2030.

A further $12.6 million will be allocated to bring online more than 600 megawatts of new, clean energy through the second Victorian Renewable Energy Target auction – creating enough energy to power 100 per cent of the Victorian Government with renewable energy, from schools to public transport and government buildings.

The package also includes $108 million to prepare Victoria for innovative and transformational renewable energy and hydrogen projects, including Australia’s first offshore wind generator.

To help Victorians cover the cost of their power bills and make homes more energy efficient, the Victorian Government is investing $797 million to deliver the biggest household energy efficiency package in any state’s history in Australia.

The Household Energy Savings Package includes $335 million to deliver new high energy efficiency heating and cooling systems for low-incom households, $112 million for energy upgrades of social housing properties and $128 million for one-off $250 Power Saving Bonus payments to help concession card holders with their bills.

The government is also expanding the Solar Homes program, with a $191 million boost to meet the surging demand for rooftop solar in Victoria. This package will create jobs, lower energy bills, increase Victoria’s renewable energy supply and improve the living standards of vulnerable households – ensuring that no Victorians are left behind in the state’s energy transition.

For more information visit our 2020/21 State Budget page.