Projects backed by the Capacity Investment Scheme (CIS) continue to make progress across Australia, with more projects moving from development into construction.
The CIS helps renewable energy and storage projects secure investment and get built. It aims to support 40 gigawatts of new renewable generation and storage by 2030.
So far, 27 CIS-backed projects have secured the support needed to proceed and 22 projects are now under construction.
One of the latest CIS-backed projects to begin construction is the Teebar Battery Energy Storage System (BESS) in Queensland.
Located west of Maryborough, Teebar will store electricity and supply it when it is needed most. The project will help support a reliable electricity system as more renewable energy comes online.
Teebar is one of the largest battery projects committed for construction in Queensland. The 400 MW / 1,600 MWh battery will be able to store enough energy to supply power for up to four hours.
Construction has also started on the first stage of the Goyder North Wind Farm in South Australia.
The project includes a 346 MW wind farm and a large battery. Together, they will generate renewable electricity and help keep power flowing when demand is high.
The first stage is expected to create around 500 construction jobs and more than 10 ongoing jobs.
Another CIS-supported project to recently begin construction is the 288 MW Palmer Wind Farm in South Australia.
The project is expected to create more than 200 construction jobs and generate enough renewable energy to power up to 142,000 homes.
In Western Australia, the Parron Maam Marang Wind Farm recently commenced construction of up to 78 wind turbines capable of producing 470 MW. This is the biggest wind farm in Western Australia so far, producing enough energy for around 350,000 homes.
Recent milestones at Teebar, Goyder North, Palmer and Parron Maam Marang show how the CIS is helping renewable energy and storage projects move from development to delivery.
These projects are helping to:
- attract private investment
- create jobs
- deliver more renewable energy and storage for Australian homes and businesses.
See the list of projects with an active Capacity Investment Scheme.
