SIMON Corbell says the ACT Government will continue its support for the renewable energy industry by holding a second large-scale wind auction by the end of this year.
Speaking at the Australian Clean Energy Summit in Sydney, Simon said the Government was finalising its considerations on the next steps for the second round of the wind auction to be commenced later this year with a similar capacity release.
“By 2017, the ACT is now expected to secure 65% of its electricity needs from renewable sources supported feed in tariff entitlements. We are well on track to achieve our 90% renewable energy target and now is the right time to secure competitive prices and consolidate our renewable energy and economic development objectives,” Simon said.
“The ACT will be seeking strong and competitive prices, and it is my recommendation that community engagement and economic development evaluation criteria again be robustly applied.
“The ACT Government is mindful of the opportunity that the current market conditions present for the ACT in relation to securing highly competitive wind energy proposals. Therefore, the ACT Government is seeking to progress our nation-leading renewable energy targets by initiating a second large-scale wind reverse auction.”
In his address to the summit Simon called on states and territories to progress large-scale feed-in tariff laws and therefore reduce reliance on Commonwealth support. He also urged industry to encourage states and territories to take up such policies and follow the lead of the ACT.
“It is a mistake to solely rely on national policy settings, and just this week we have been reminded of the hostile attitude held by the federal government towards the development of renewable energy in Australia.”
“We have seen through the ACT’s experience in pioneering large-scale feed in tariff laws and the award winning reverse auction process that we can lock in some of the best value for money clean energy generation available in Australia. States and territories must be at the forefront in the adaptation of renewable energy if Australia is to succeed in achieving globally meaningful carbon abatement by the middle of this century.”
[Photo by Tumbling Run, attribution licence]
The post Another wind power auction by the end of the year appeared first on Canberra CityNews.