Sourcing renewable energy certificates from new Victorian projects
The Renewable Certificate Purchasing Initiative is a key program under the Victorian government’s Renewable Energy Action Plan.
Through the Renewable Certificate Purchasing Initiative, the government has committed to procuring renewable energy certificates directly from new Victorian projects. This provides the necessary revenue certainty for the project developers to underwrite their projects. The contracts for certificate supply are awarded through a competitive tender process.
The initiative has leveraged up to $533 million of capital investment and over 280MW of capacity in new wind and solar farms, creating hundreds of direct construction jobs and promoting economic development in regional Victoria.
Around 35 megawatts of the generation capacity from the new solar projects will be linked to the entire electricity load of Melbourne's tram network under the government’s Solar Trams TAKE2 pledge, leading to emissions reductions of approximately 80,000 tonnes each year.
Read the media release: http://www.premier.vic.gov.au/solar-trams-transporting-victoria-to-a-brighter-future/
Solar Certificate Tender Outcome
Updated August 2017
The Solar Certificate Tender was run in the first half of 2017. Tender details were published on tenders.vic.gov.au during that time under tender reference number RCPIS2RFT.
The Minister for Energy, Environment and Climate Change has signed contracts with two successful solar tenderers:
- Bannerton Solar Park a 88MW (AC) project near Robinvale in the Sunraysia district being developed by Foresight Solar Australia
- Numurkah Solar Farm a 34MW (AC) project near Shepparton being developed by Neoen Australia.
First tender outcome
The first Request for Tender was run in the first quarter of 2016. Tender details were published on tenders.vic.gov.au during that time under tender reference number RCPIS1RFT.
The Minister for Energy, Environment and Climate Change signed contracts with two successful tenderers:
- Kiata Wind Farm a 31MW project located 50 km northwest of Horsham, being developed by Windlab Ltd
- Mt Gellibrand Wind Farm a 132MW project located 17 km west of Winchelsea, being developed by Acciona Energy.
These projects will bring investment and employment to regional and metropolitan Victoria, and will support the State Government's renewable energy targets.
Read the media release: Two New Wind Farms For Victoria.