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Victorian Renewable Energy Auction Scheme

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The 2017 VRET Auction is now open for bids on the Tenders Victoria website.

In this auction, the Victorian Government will award commercial contracts in support of up to 650 MW of new renewable energy generation.

The format of the auction will be a reverse auction, with bids accepted for up to 550 MW of large scale technology neutral renewable energy and for up to 100 MW of large scale solar-specific renewable energy.

Bids from renewable energy projects are to be submitted under a formal Request for Proposal (RFP).

The RFP sets out the detailed terms of participating in the auction, how proposals will be considered in relation to ‘value for money’, and the overall governance framework.

Successful proposals will be awarded a ‘Support Agreement’ with the State of Victoria to ensure revenue certainty for renewable energy projects.

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