The Victorian government has recently released tenders for large-scale solar plants, bringing forward $150 million of new capital investment and creating around 300 jobs in regional Victoria.
The Solar Certificate Tender will build up to 75 MW of new solar projects, which will generate enough power to supply more than 15,000 homes or a town the size of Mildura.
The government estimates that the new regional solar projects will deliver $150 million in new investments, create around 300 jobs and will result in a reduction of more than 80,000 tonnes of greenhouse gas emissions every year, keeping Victoria on track to meet its target of net-zero emissions by 2050. It is predicted that the first large scale solar farm will be finalised by the end of 2018.
Around 35 MW of the new capacity will be linked to Melbourne’s trams, generating enough energy to power the entire tram network.
Victorian government has also recently announced the state’s 130,000 solar households would receive fair compensation for the power they provide to the grid with a minimum feed-in tariff rate of 11.3 c/kWh. This is more than twice the current 5 c/kWh feed-in tariff, and great news for homeowners and PV installers.