The Australian government is supporting 19 new renewable energy projects under the latest round of its Capacity Investment Scheme or CIS tenders, according to a news release on Saturday.
The CIS is a federal scheme that backs renewable energy and storage projects by reducing their revenue risk.
The projects are backed through CIS Tender 7, which will deliver 7.8 gigawatts of renewable generation capacity, alongside 7.9 GW-hours of battery storage through hybrid developments. The projects are expected to supply enough electricity to power around 4 million households by 2030.
The projects include wind, solar and hybrid battery projects across New South Wales, Queensland, Tasmania, Victoria and South Australia. This reinforces the federal government's push to accelerate the transition away from coal-fired generation while maintaining grid reliability, Climate Change and Energy Minister Chris Bowen said.
Among the largest projects awarded under Tender 7 are Origin Energy's 1,498 megawatt Yanco Delta wind farm in New South Wales and the 1,150 MW Bungaban wind and battery project in Queensland, alongside a mix of solar and hybrid assets led by developers including ACEN Australia, EDF Power Solutions and ENGIE.
