The Victorian Government has announced its Renewable Energy Action Plan. The Plan reconfirms its commitment to meeting its renewable energy targets of 25 per cent by 2020 and 40 per cent by 2025. There will be a second round of renewable certificate purchasing to encourage up to 75 MW of largescale solar, of which 35 MW will be used to power Melbourne’s trams. Other initiatives such as battery storage, energy efficiency and solar panels will be supported through cooperation with the Clean Energy Finance Council (CEFC), and the $300 million raised through the Government issuing Green Bonds.
To read all the actions that the Victorian Government has committed to, go to https://www.energy.vic.gov.au/about-energy/victorias-renewable-energy-action-plan