Australian news, and some related international items

Enough renewable power for Victoria’s 4 biggest regional cities

Renewable energy boost to power Victoria’s four biggest regional cities, The Age, Adam Carey, 23 Aug 17,    In a huge boost to Victoria’s electricity supply, renewable energy companies will compete to supply Victoria with 650 megawatts of power – enough for the energy needs of every household in Geelong, Ballarat, Bendigo and the Latrobe Valley.

The competitive “reverse auction” will be the biggest of its kind in Australia, as corporations tender for the contracts to power 389,000 households. This is expected to trigger investment of about $1.3 billion in renewable projects such as construction of wind and solar farms.

Expressions of interest will open in October.

The projects are critical to the government’s target to increase Victoria’s renewable energy level to 40 per cent by 2025.

The government will seek to lock in its renewable energy target – 25 per cent by 2020 and 40 per cent by 2025 – by tabling legislation today. Currently about 10 per cent of the state’s power needs are met with renewable sources.

Premier Daniel Andrews said he was confident the legislation would pass…….

Energy minister Lily D’Ambrosio said modelling indicated households would save $30 a year on energy bills on average, and large companies would save $140,000 a year, over the life of the renewable energy target scheme.

“We know for a fact that more supply, in a pure economics 101 sense, means cheaper prices and that’s what we’ll be delivering,” Ms D’Ambrosio said.

“We are getting solar projects built, we’ve already got two wind farms under way … so the sooner we can get that in there, the sooner people will see that flow through their energy bills,” she said…..

Kane Thornton, chief executive of the Clean Energy Council, said the government’s move to legislate its “ambitious” 40 per cent target would give the renewable energy industry more confidence to invest in Victoria.

“It will deliver billions of dollars of investment and thousands of jobs into regional and rural parts of this state and help to put Victoria back on the map in terms of attracting investment back into this sector,” Mr Thornton said.

He predicted renewable energy would “ultimately replace coal-fired generation” in Victoria, although Ms D’Ambrosio said coal would continue to help power the state for “many years to come”…..


August 25, 2017 - Posted by | energy, Victoria

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