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Australia Capacity Investment Scheme Expansion

Sector: Solar • Location: Australia

Source: Asian Power

Project
Planned

Australia has increased its capacity target for the Capacity Investment Scheme (CIS) from 32 GW to 40 GW, adding 8 GW of new capacity due to falling renewable energy development costs. By 2030, this will include 5 GW dedicated to energy storage and 3 GW for generation. The scheme is on track to deliver 18 GW of generation and dispatchable storage projects, supporting investments of around $21 bill

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Project Information

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The project “Australia Capacity Investment Scheme Expansion” is an infrastructure initiative in the Solar sector, located in Australia. Taiyo aggregates data on it from Asian Power.

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Participants

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Status

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planned

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Description

Description

Australia has increased its capacity target for the Capacity Investment Scheme (CIS) from 32 GW to 40 GW, adding 8 GW of new capacity due to falling renewable energy development costs. By 2030, this will include 5 GW dedicated to energy storage and 3 GW for generation. The scheme is on track to deliver 18 GW of generation and dispatchable storage projects, supporting investments of around $21 billion in storage capacity and $52 billion in solar and wind technologies.

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Source

Source reliability

High

Data quality score

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Source

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URL

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More Details

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