Western Australia and the Australian federal government have finalized a deal to support the addition of at least 6.5 TWh of new wind and solar power capacity, along with 1.1 GWh of battery storage in the state.
Announced on Monday, the Renewable Energy Transformation Agreement is a key component of the federal government's strategy to introduce 32 GW of new renewable generation and storage across Australia by 2030.
The agreement aims to enhance the stability and reliability of Western Australia's power grid as the state transitions from coal-fired power stations to renewable energy sources. This transition is expected to play a significant role in meeting Australia's broader renewable energy targets.
In conjunction with this agreement, Western Australia has opened registrations for its first Capacity Investment Scheme (CIS) tender. This tender seeks to procure 2,000 MWh of dispatchable capacity for the state's wholesale electricity market. It marks Australia's second CIS tender under the program.
Eligible projects must connect to the South West Interconnected System (SWIS) and offer a minimum of two hours of discharge duration. Registrations for the tender will close on August 12, with bids to be submitted by August 19.
