The Victorian Government has committed to develop six Renewable Energy Zones (REZs) in the State, located in the:
- Ovens Murray
- River Murray
- Western Victoria
- South West
- Gippsland, and
- Central North regions.
The REZs are intended to encourage investment in renewable generation and storage projects. Transmission upgrades to facilitate these projects will be delivered in two stages:
- Stage One: immediate priority projects to support REZs, and
- Stage Two: medium-term projects to support REZs which require further analysis.
|Feb 2021||Project Announcement|
The Victorian Government comitted $540 million to establish a REZ Fund to invest in network infrastructure and establish VicGrid.
|Procuring Agency:||Australian Energy Market Operator (AEMO)|
|Nov 2020||The 2020-21 Victorian Budget allocated $682 million toward developing it's Renewable Energy Zones. This includes $540 million over four years to invest in electricity network infrastructure to support the development of Victoria’s REZs.|
|Feb 2021||The Victorian Government released the Victorian Renewable Energy Zones Development Plan Directions Paper (RDP). The RDP outlined the $540 million investment to establish VicGrid and the Renewable Energy Zone Fund. The Plan identified the locations of the six REZs and a list of nine Stage One transmission projects ready for investment. The RDP also identified 21 potential longer-term Stage Two investments in REZ infrastructure that require further assessment and community and stakeholder consultation.|
|Aug 2021||The Victorian Government announced it will proceed with six Stage One transmission projects. The Government has commissioned the Australian Energy Market Operator (AEMO) to procure the six projects. A call for Expressions of Interest (EOI) and a tender process will commence for services to strengthen the system across the Murray River, Western Victoria and South West REZs. Separately, A non-contestable Request for Proposal (RFP) process will also commence for three sets of network augmentation projects across the Murray River, South West and Central North REZs.|
|Aug 2021||The Victorian Government launched the second Victorian Renewable Energy Target (VRET) auction, and issued Requests for Proposals (RFPs) for up 600 megawatts of renewable generation projects across all six Renewable Energy Zones, closing November 2021.|