Australia Launches Ambitious 32 GW Renewable Energy and Storage Initiative with Unprecedented Contracts for Difference Tenders

Australian government has initiated competitive Contracts for Difference (CfD) tenders aimed at supporting dispatchable renewable energy capacity coupled with energy storage—a landmark development in the country's energy policy. The Department of Climate Change, Energy, the Environment, and Water (CCEEW) characterizes this initiative as a "national framework to increase new investment in renewable and clean dispatchable