MELBOURNE, 27 September 2022: Energy Victoria has welcomed the Andrews government announcement today of a new energy storage target for Victoria. Premier Daniel Andrews and Minister for Energy Lily D’Ambrosio today announced the nation-leading targets alongside a $157 million package supporting renewable energy generation and storage projects across the state.
A media release says, “Victoria will reach a massive 2.6 gigawatts (GW) of renewable energy storage capacity by 2030, with an increased target of 6.3 GW of storage by 2035 – that’s enough renewable energy to power around half of Victoria’s current homes at their peak energy use.
The targets are expected to secure 12,700 jobs and $1.7 billion in investment from 2023 to 2035. Storage is vital to soak up solar and wind generation when it’s abundant and then feed that energy back into the grid when it’s needed.”
“Environment Victoria congratulates the Andrews government for this groundbreaking step in creating Australia’s most ambitious energy storage target, yet another example of Victoria leading the development of national energy policy.
“Energy storage is one of the crucial missing pieces in Australia’s transition to 100% clean energy, says Environment Victoria CEO Jono La Nauze.
Premier Daniel Andrews says, “Victoria is already the renewable energy capital of Australia, and now, we’ll have the biggest energy storage targets in the country too.”
We’ve cut emissions by more than any other state, tripled the amount of renewable energy, and created thousands of jobs. We’re not just talking about climate action – we’re getting on with it.”
Following the announcement today, Environment Victoria says it looks forward to working with the Victorian government on the design of the target. Key priorities for Environment Victoria will be:
ensuring the target can be scaled up to provide for a 100% renewable grid as soon as possible
supporting the rapid development of the electricity storage industry in Victoria to deliver local jobs and greater renewable energy investment in Victoria
ensuring transmission and distribution infrastructure is built to facilitate the delivery of power from storage.
