WEDNESDAY 11 MARCH, 2009 |
Victoria's $1 billion Solar Energy Initiatives
The Victorian Government yesterday provided further details on a series of
projects designed to boost the uptake of solar power in the state and to help
Victoria meet its renewable energy targets. According to Energy and Resources Minister Peter Batchelor,
the $1 billion worth of related investment will "make us the most solar
friendly-government in Australia".
Feed In Tariffs
A Bill was introduced into Parliament yesterday designed to encourage Victorian
households to invest in residential
grid connect solar power
systems through a feed
. Under the Bill, Victorian households with grid connect systems
will be eligible to receive a credit of 60 cents per kilowatt for electricity
they feed back into the grid. The feed-in tariff scheme is capped at 3.2kW
system size and will run for 15 years, be available to new and existing small
scale systems and will allow up to 100,000 households to participate.
The Victorian feed in tariff will be based on a net model, which means that only
surplus electricity generated and exported to the grid will attract the payment.
recently launched feed in tariff
program pays less, but is based on a gross
model where all electricity generated by a solar power system is eligible for
the premium rate.
The government is also immediately seeking proposals for a solar farm that can produce about 330GWh of
clean electricity annually - enough power to run 50,000 homes. The aim is to
have the plant operating by 2015. The farm will be the second large-scale solar
project in Victoria.
In the announcement, Victorian Premier John Brumby stated his government has
also provided a $6 million grant for the Organic
research and development project and $50 million through the Energy
Technology Innovation Strategy for a 154MW solar farm near Mildura.
Mr Brumby says that the Victorian Renewable Energy Target (VRET) has already
generated $2 billion in renewable energy investment and will create more than
2000 jobs, and the government has invested $5 million in solar schools and solar
power for community buildings.
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