How many MW is a GWh tender?
The tender will target 600 MW of dispatchable capacity with the equivalent of four-hours of duration, or 2.4 GWh, across Victoria and South Australia. The bids are among the first to be launched as part of the federal government’s Capacity Investment Scheme unveiled last year.
How competitive are storage tender rounds?
Storage tender rounds are expected to remain highly competitive, with battery capacity under development exceeding tender volumes. The first CIS auction, the South Australia-Victoria Tender for battery storage capacity, saw significant investor interest.
How many MW will be delivered in Western Australia?
An additional 500 MW will be delivered in Western Australia. “Constructive discussions will continue with the other states and territories as well,” Bowen said, noting that in the two years since , renewable generation in the NEM has gone up by over 15,000 GWh, an increase of about 25%.
Will CIS support storage capacity delivery by ?
The CIS seeks to support delivery of 23 GW of generation and 9 GW of storage capacity by . Given the potential scale of this scheme over the next five years, every storage market participant needs to refine their strategy, governance, and bid approach to account for the market’s new largest buyer of storage contract agreements.
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