Victorian Renewable Energy Target auctions - VRET1 and VRET2

The Victorian Renewable Energy Target (VRET) auctions, comprising the VRET1 and VRET2 auctions, have supported over 1.1 gigawatts of new renewable generation and storage capacity, bringing forward over $2 billion in capital investment.

The VRET auctions were established to support the achievement of the legislated renewable energy targets of 25% by 2020 and 40% by 2025, respectively.

The 2020 and 2025 targets have been achieved, with Victoria successfully achieving a renewable energy generation share of 44.6% in 2025.

Under the VRET auction scheme, six projects have been delivered so far, enough to power more than 615,000 Victorian households, with a further two projects currently under construction.

Delivered:

  • Berrybank Wind Farm (180 MW) by Global Power Generation, west of Geelong
  • Cohuna Solar Farm (34 MW) by Potentia Energy, east of Kerang
  • Dundonnell Wind Farm (336 MW) by Tilt Renewables, north-east of Warrnambool
  • Mortlake South Wind Farm (158 MW) by Acciona, south of Mortlake
  • Winton Solar Farm (99 MW) by Fotowatio Renewable Ventures, east of Benalla
  • Glenrowan Solar Farm (102 MW) by Pacific Partnerships, south of Wangaratta.

Under construction:

  • Horsham Solar Farm (100 MW) and battery (100 MW/200 MWh storage) project
    • Under construction and subsequently acquired by the State Electricity Commission (SEC) and renamed the SEC Renewable Energy Park – Horsham , east of Horsham.
  • Fulham Solar Farm (80 MW) and battery (64 MW/128 MWh storage) project
    • Under construction by Octopus Investments, west of Fulham.
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From 1 July 2025, the SEC has been leveraging the operational VRET1 and VRET2 contracts to retail 100% renewable electricity for schools, hospitals and other Victorian Government operations.

Page last updated: 20/04/26