Renewable energy targets to boost local business

ICN Victoria is working with the State Government to identify and develop local capability in renewable energy projects, as part of the government’s commitment to renewable energy targets of 25 per cent by 2020 and 40 per cent by 2025.

Both developers and suppliers have the opportunity to register Expressions of Interest via Gateway, with the aim of optimising investment, jobs and local economic value from renewable energy projects.

ICN’s Lynn Johnson said ICN is helping the government assess local capability across various supply chain via a traffic-light system, with green representing existing capability, orange partial capability, and red limited capability.

‘ICN Victoria maintains these up-to-date dynamic supply chain maps on behalf of Government,’ she said, adding that the Government was keen to ensure the ICN Gateway provides a user-friendly approach for connecting developers with suppliers, and holds accurate information on capability. 

‘This represents a great opportunity for developers and suppliers to connect on current and planned projects in onshore wind, solar PV, and large-scale batteries, bioenergy, distributed energy, and other renewable energy technologies.’

Meanwhile, the Victorian Government is holding the largest-ever renewable energy auction to boost investment, create new jobs and drive down electricity prices.

The competitive reverse auction will deliver up to 650 megawatts (MW) of large-scale renewable energy for the State.

Companies with an existing planning permit to build a renewable energy facility can bid for 15-year Support Agreements with the Victorian Government.

These long-term contracts will create investment certainty to build new energy generation projects and reduce wholesale electricity prices.

The auction is expected to drive up to $1.3 billion in new capital expenditure, create 1250 construction jobs and 90 ongoing roles, mostly in regional areas.

Minister for Energy, Environment and Climate Change Lily D’Ambrosio said the auction would provide much needed certainty to the energy industry and support new projects in regional Victoria.

Details of the tender process can be found at tenders.vic.gov.au.

For more information, contact Lynn Johnson at  ljohnson@icnvic.org.au or (03) 9864 6743; or go to Gateway to register your interest