INTIEAAustralia · Victorian Renewable Energy Auction SchemePolicyIn force

Victorian Renewable Energy Auction Scheme

The Victorian Government established the Victorian Renewable Energy Auction Scheme to support the achievement of the Victorian Renewable Energy Targets (VRET). The government has increased the VRET to 50 percent by 2030. In 2018, six projects, and a total of 928 MW of capacity…

Last changed 6 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Australia · Year: 2018 · Status: In force · Level: State/Provincial · Type: Voluntary

The Victorian Government established the Victorian Renewable Energy Auction Scheme to support the achievement of the Victorian Renewable Energy Targets (VRET).

The government has increased the VRET to 50 percent by 2030. In 2018, six projects, and a total of 928 MW of capacity were successful in the first auction.

Official source: https://www.energy.vic.gov.au/renewable-energy/victorian-renewable-energy-auction-scheme

Source

https://www.iea.org/policies/12111

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-44744NewsIn force

Why the AI Boom Could Trigger the Biggest Energy Trade in Decades

Artificial intelligence is creating a new class of infrastructure giants virtually overnight, and one innovative Bitcoin miner that made an early leap into the global power business, feeding the voracious appetite of AI data centers, is now being rewarded for years spent securing massive amounts of low-cost electrical power around the world. Years before artificial intelligence triggered a global race for power capacity, Bitzero Holdings (NASDAQ: AIBZ) was using cash flow from Bitcoin mining operations to secure large amounts of low-cost electrical…

12 hours ago
INTEnergy Newsoilprice:oilprice-article-44747NewsIn force

Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation

The United States and Qatar have once again warned the European Union against doubling down on climate policies seeking to penalize the LNG industry, saying that if it continues on this course, the EU will face a gas crunch and higher prices. “There is no viable path to compliance with the regulation”, the top energy officials of the U.S. and Qatar, Chris Wright and Saad al-Kaabi, wrote in a letter quoted by the Financial Times. “Because legal compliance remains paramount, exporters and importers alike are unwilling to enter into…

13 hours ago
INTEnergy Newsoilprice:oilprice-article-44745NewsIn force

Global Battery Storage Boom Is A Boon for Tesla

Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure provider NatPower for more than 25 gigawatt-hours (GWh) of battery energy storage systems (BESS) in Europe, as the continent is accelerating battery deployment to make the most of its domestic renewable energy resources. Europe’s battery storage and renewables-plus-storage installations are booming and set to further accelerate in the coming…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-44741NewsIn force

Why Wet Coffee Grounds Might Be The Next Waste-To-Energy Goldmine

A team of researchers at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have just found a way to make biochar production faster and cheaper. The new method solves a major challenge in standard biochar production processes and potentially unlocks a recycling stream that can divert millions of tons of waste away from landfill annually and turn it into a productive energy source at a time when new energy alternatives are needed more urgently than ever before. Biochar is essentially charcoal that is made by heating up organic waste…

15 hours ago
INTEnergy Newsoilprice:oilprice-article-44748NewsIn force

China’s Crude Imports Plunge To Lowest Level Since 2018

Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short timeframe. After all, the Joint Comprehensive Plan of…

16 hours ago