Australia: Victoria sets its sights on utility-scale solar projects as country sees first FITs for large projects introduced

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Brumby commented: “This commitment to a sustainable future for Victoria should see the establishment of between five and 10 large solar plants across regional Victoria. As a result of this initiative, Victoria will have up to 25 per cent of its power coming from renewable energy by 2020.” He went on to say that the initiative will provide new economic opportunities in the state, helping to generate between AUD$1.5 and AUD$2 billion in new solar investment.

To achieve the state’s aims however, Brumby said increasing Victoria’s use of solar power to five per cent by 2020 would “require a number of investments above and beyond the Commonwealth’s Renewable Energy Target”. “This means not just clean, green energy for Victoria, but lower emissions for all of Australia – making us Australia’s solar state and further confirming Victoria as the country’s leader in tackling climate change,” he said. “In Victoria we have ambitious targets and we also have the right plans in place to deliver them, providing the most comprehensive program of support for small, medium and large solar technologies to turn to solar power.??“

The FIT will assist in the take up of solar power by paying large-scale facilities extra money for feeding the renewable power they generate back into the grid above what they would normally get on the energy market. To show we’re serious about the 2020 goal, we have set an interim target of generating 500 GWh of solar power by 2014. ?

?The solar initiatives announced will complete a three-pronged approach to meeting the solar target through driving investment in small, medium and large scale generation, coupled with established initiatives including:

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