Back to News
The first round of Australia’s Capacity Investment Scheme (CIS) energy storge tender saw 19GW of proposals submitted for just 0.6 GW worth of new projects available – oversubscribed by 32 times the requested amount. The CIS, agreed in December 2022, is a cap and floor mechanism that underwrites zero emission storage and renewable energy projects in Australia. This most recent tender was aimed at energy storage projects across Victoria and South Australia.
Tender details
The most recent tender was looking for 2.4GWh/0.6GW of capacity to be operational by 2027. The projects had to meet the criteria of a minimum 30MW capacity and at least two hours of storage duration (60MWh). They could either purchase energy from the national grid or be co-located with solar or wind generation. The successful applications have already been short listed by the Australian Energy Market Operator, with further details awaited as to who has won contracts.
Upcoming tenders for energy storage
The Victorian-South Australian tender starts…
Members can log into our Membership Platform to read the full article.
If you’re not yet a member and would like a trial, fill in the form below.
Image credit: Adobe Stock