A new state government Bill on renewable energy initiatives is a welcome development for regional Victoria and will create an even bigger wave of interest and investment in renewable energy.
Rob Law, CVGA Executive Officer said the Renewable Energy (Jobs and Investment) Bill 2017 is set to deliver long term certainty and strong foundations for further investment in renewable energy production, particularly in central and northern Victoria.
“This policy reform will bring considerable benefits to our region in terms of job creation in solar and wind power and large scale infrastructure development. With the state taking the lead on renewable energy and emissions reduction, industry can make long term investment decisions. By setting Victoria’s renewable energy targets it will help us cut emissions and contribute downward pressure on power prices.
“We look forward to working with the State Government to identify opportunities for local government to participate in future renewable energy reverse auctions, and ensure that the benefits flow through to local communities,” he said.
The Bill is part of a package of policy reforms and includes the Climate Change Act 2017, TAKE2 pledge program, the $20 million New Energy Jobs Fund, $25 million for energy storage projects and the recently released Renewable Energy Action Plan that is investing $146 million to deliver a renewable, reliable and affordable energy system.
The State government announcement last week included details of Victoria’s renewable energy auction scheme. A consultation paper is seeking 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.