Australia’s Victorian Government bares energy strategy

This includes support for long-duration storage projects.

The Victorian Government laid out the plans for its 12-year strategy for the State Electricity Commission (SEC), committing its support for 4.5 gigawatts of clean energy development.

Speaking at the Careers for Net Zero Fair by the Clean Energy Council (CEC), the government also announced funding for domestic electrification and support for long-duration storage projects.

The government will also allow Victorian manufacturers, schools, and hospitals to purchase retail and wholesale electricity directly from SEC.

ALSO READ: Australia’s power market is the most volatile globally: study

CEC Chief Executive Kane Thornton said that governments should ensure “they strike the right balance.”

“The industry has capital that is ready to be deployed, and we welcome the government's acknowledgement of the importance of partnerships and the role in leveraging enormous private sector investment,” he said.

"We look forward to working closely to ensure the implementation of the important principle,” he added.

Thornton added that long-duration storage projects will play a vital role in the energy sector in the future.

Follow the link for more news on

Clean Energy Council

Also Read

MGen’s $4b Terra Solar plant to aid Philippine RE transition

What is the future of gas in Australia's energy market?

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

16 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

17 hours ago

NSW OKs Liverpool Range Wind Farm expansion