The third tender for the Federal Government’s Capacity Investment Scheme (CIS) has now opened, seeking an indicative target of 4GW of four-hour equivalent dispatchable capacity, or 16GWh projects in the NEM.
The CIS is a Federal Government revenue underwriting scheme accelerating investment in:
Renewable energy generation, such as wind and solar
Clean dispatchable capacity, such as battery storage.
Projects with a minimum storage duration of two hours, a minimum size of 30MW are expected to be eligible.
The Department of Climate Change, Energy, the Environment and Water will hold a webinar on Monday 18 November to provide information outlined in the Tender Guidelines – including a focus on social licence requirements – and an opportunity for proponents to ask questions.
A market brief on renewable energy transformation agreement (RETA) allocations by jurisdiction is also now available.
It provides information to proponents about the CIS allocation of generation and dispatchable allocations agreed through RETAs.
The Federal Government said proponents should read the brief to understand CIS allocations, including dispatchable capacity allocations by jurisdictions for CIS Tender 3.
