- Victoria, Australia invests AUD 1 billion in 4.5 GW clean energy storage projects.
- Funding through State Electricity Commission, also to commission 2.8 GW by 2028.
- Goals include all-electric homes and a renewable energy workforce.
- Targets 40%, 65%, and 95% clean energy by 2025, 2030, and 2035 respectively.
- Victoria to need 25 GW of renewable energy in the grid by 2035.
SEC revived for Victoria’s Green Energy goals
State Electricity Commission to lead 1.2 GW VRET for public facilities in Victoria by 2025. Illustrated by Freepik.
Overcapacity in the solar PV sector has contributed to persistently low panel prices, creating challenges for manufacturers. (Image Credit/Source: Michael Pointner/Pexels)
ESMC expects the European Commission’s general policy objectives to be supported by targeted, quick, and impactful measures for the PV manufacturing sector. (Image Source: ESMC)
The Accelerated Partnership for Renewable Energy in Central Asia (APRECA) was launched to fast-track investments and enhance inter-regional connectivity.
(Image Source: IRENA)
Himachal allocates 300 MW for private solar projects in which 62 MW are active. (Image Source:TomFisk/Pexels)