The Government is giving the renewable energy sector the confidence needed to invest in the renewable energy projects and jobs that are crucial to our State's future.
In June 2016, the Victorian Government committed to Victorian renewable energy generation targets of 25 per cent by 2020 and 40 per cent by 2025.
The Renewable Energy (Jobs and Investment) Act 2017 (Vic)
The Renewable Energy (Jobs and Investment) Act 2017 (Vic) legislates the Victorian Renewable Energy Targets, demonstrating Victoria’s leadership on renewable energy.
Meeting the targets will bring forward significant investment in new renewable energy projects in Victoria, create thousands of jobs, put downward pressure on electricity prices and secure Victoria’s electricity supply.
The Act is part of a package of policy reforms designed to deliver investment and employment in Victoria, ensuring a sustainable economy for current and future generations.
VRET will be supported by the Victorian Renewable Energy Auction Scheme (VREAS), offering long-term contracts to successful renewable energy projects.
The 2017 VRET Auction is now open for submissions until 14 February 2018 on the Tenders Victoria website.
Fact Sheets and Report
Download Renewable Energy (Jobs and Investment) Bill 2017 Fact Sheet
- Renewable Energy (Jobs and Investment) Bill 2017 Fact Sheet (PDF, 365.7 KB)
- Renewable Energy (Jobs and Investment) Bill 2017 Fact Sheet (DOCX, 14.0 KB) (accessible version)
Download Renewable Energy Modelling Fact Sheet
- Renewable Energy Modelling Fact Sheet (PDF, 456.1 KB)
- Renewable Energy Modelling Fact Sheet (DOCX, 141.5 KB) (accessible version)
Download Victorian Renewable Energy Auction Scheme Fact Sheet
- Renewable Energy Auction Scheme Fact Sheet (PDF, 306.8 KB)
- Renewable Energy Auction Scheme Fact Sheet (DOCX, 17.8 KB) (accessible version)
Download Modelling of the Victorian Renewable Energy Target Scheme Scenarios Report
A consultation paper on the detailed design of Victoria's renewable energy auction scheme is available via the link below.
The consultation paper sought feedback on the design of the overall scheme structure, as well as on specific scheme components including payment structure, contracting elements, scheme administration and cost recovery mechanism, and auction evaluation principles.
Workshops were held on 23 and 24 August 2016 for key stakeholders and interested members of the public to provide verbal feedback on the consultation paper.
Following the workshops into the design of the scheme, feedback was also invited through written submissions to the Consultation Paper via firstname.lastname@example.org.
The Government received submissions from a range of renewable energy project developers, financiers, peak bodies, agencies and individuals. Written submissions closed on 31 August 2016.
A summary of the submissions has been prepared and can be found below.
Non-confidential submissions into the design of the Victorian Renewable Energy Auction Scheme Consultation Paper are below.
- ABB (PDF, 800.4 KB)
- AGL Energy (PDF, 214.1 KB)
- Ai Group (PDF, 783.9 KB)
- Aurecon (PDF, 722.6 KB)
- AusNet Services (PDF, 137.9 KB)
- Australian Energy Council (PDF, 2.4 MB)
- AEMO (PDF, 396.1 KB)
- Australian Forests and Climate Alliance (PDF, 685.5 KB)
- Australian Gas Networks (PDF, 366.0 KB)
- Australian Industry Greenhouse Network (PDF, 209.6 KB)
- Australian Institute of Petroleum (PDF, 416.0 KB)
- Australian Wind Alliance (PDF, 107.1 KB)
- Business Council of Australia (PDF, 163.4 KB)
- Canadian Solar (PDF, 278.6 KB)
- Cement Industry Federation (PDF, 131.3 KB)
- City of Melbourne (PDF, 45.4 KB)
- Clean Sight (PDF, 396.3 KB)
- Clean Energy Council (PDF, 372.1 KB)
- Committee for Portland (PDF, 94.7 KB)
- CSR (PDF, 233.4 KB)
- Edify Energy (PDF, 886.8 KB)
- Embark (PDF, 162.8 KB)
- Energy for the People (PDF, 182.7 KB)
- Energy Australia (PDF, 750.4 KB)
- Environment Victoria (PDF, 359.0 KB)
- First Solar (PDF, 209.1 KB)
- Friends of the Earth (PDF, 537.1 KB)
- Geelong Sustainability (PDF, 127.6 KB)
- GHD (PDF, 185.7 KB)
- Goldwind (PDF, 118.9 KB)
- Grattan Institute (PDF, 256.9 KB)
- Herbert Smith Freehills (PDF, 673.8 KB)
- Infigen Energy (PDF, 372.5 KB)
- Intelligent Energy Systems (PDF, 442.6 KB)
- Keppel Prince Engineering (PDF, 300.6 KB)
- Melbourne Energy Institute (PDF, 340.4 KB)
- Minerals Council of Australia (PDF, 298.3 KB)
- National Australia Bank (PDF, 252.6 KB)
- Origin (PDF, 252.8 KB)
- Palisade Investment Partners (PDF, 352.2 KB)
- Reach Solar Energy (PDF, 145.0 KB)
- Senvion Australia (PDF, 120.2 KB)
- Technical Insight (PDF, 177.3 KB)
- Thycon (PDF, 352.5 KB)
- Union Fenosa Wind Australia (PDF, 5.7 MB)
- Vestas Australian Wind Technology (PDF, 773.2 KB)
- Victorian Trades Hall Council (PDF, 354.5 KB)
- Voices of the Valley (PDF, 220.0 KB)